Iran may decide closure of Strait of Hormuz — putting one-fifth of world’s oil supply at risk
WASHINGTON : Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows. The move, which could block $1 billion in
Yemen’s Houthis say ready to attack Red Sea after US strikes on Iran
SANA : Yemen’s rebel government says it supports a vow by its armed wing a day earlier to hit US ships in the Red Sea should Washington launch strikes on Iran. “We affirm the
Shipping insurance costs spike in the Middle East as Israel-Iran conflict rages
NEW YORK : Israel and Iran’s escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea and Persian Gulf. Marine insurers are now charging 0.2% of the
Donald Trump predicts trade deals with India and Pakistan
WASHINGTON : President Donald Trump predicted on Friday that the United States will be able to negotiate trade deals with both India and Pakistan. Speaking to reporters as he arrived in New Jersey, on
FTA impact : India sees export uptick in trade with Australia, UAE
NEW DELHI : In a move that reflects India’s policy emphasis on boosting exports through Free Trade Agreements (FTAs), the country’s trade pacts with Australia and the United Arab Emirates (UAE) are beginning to
JSW Infra signs MoU with Konkan Railway Corporation Limited
MUMBAI : JSW Infrastructure Limited (JSWIL), a key player in India’s ports and logistics sector, has announced the signing of a binding Memorandum of Understanding (MoU) with Konkan Railway Corporation Limited (KRCL). This MoU
FATF report links dual-use cargo seized by India in 2020 to Pakistan missile agency
NEW DELHI : A dual-use equipment seized by India from a Pakistan-bound merchant vessel in 2020 is linked to Islamabad’s National Development Complex, which is involved in the country’s missile development programme, a new
CBI raids 7 places in Bihar and Jharkhand in ₹100-crore GST fraud; customs officers in dock
PATNA : The Central Bureau of Investigation (CBI) on Saturday (June 21, 2025) investigated in Bihar and Jharkhand in a case registered against the then Additional Commissioner, Customs, Patna, and 29 others over bogus