MEG offshore sector: resilience in the short term, structural risks on the horizon
LONDON/SINGAPORE: A combination of contract terminations, spiralling insurance costs and the threat to EPC projects are creating a complex combination of risk for offshore operators in the Middle East Gulf. In its latest HORIZON
India exporting only food and essential items to West Asia via Oman, Dubai
NEW DELHI : India is rerouting their exports to the countries of Gulf Cooperation Council (GCC) through Oman, Hatta Border, Dubai and Khor Fakkan port, according to the sources from the Ministry of Commerce.
Have ‘put off’ planned attack on Iran due to “big discussion” with Tehran: Trump
WASHINGTON D.C.: US President Donald Trump on Monday (local time) said that he has “put off” a planned attack on Iran for a short period amid “big discussions” with the country over the ongoing
DG Shipping hosts Strategic Session on Gulf Crisis, Highlights Maritime Resilience and Seafarer Safety
MUMBAI: The Directorate General of Shipping (DGS) convened a high-level focused session on the Gulf Crisis and its implications for global maritime trade in Mumbai, bringing together senior government officials, maritime stakeholders, and representatives
Iran chief negotiator says U.S. must accept proposal or face ‘failure’
TEHRAN: Iran’s chief negotiator on Tuesday (May 12, 2026) issued an ultimatum to the United States to accept the conditions in Tehran’s 14-point proposal for peace in the West Asia war or face “failure”. The defiant
‘Ceasefire on life support’: Trump calls Iran’s latest proposal ‘piece of garbage’
WASHINGTON D.C.: US President Donald Trump on Monday (local time) discarded Iran’s peace proposal plan, and said that the ceasefire stands on “life support”. He made the remarks from the Oval Office while interacting
‘Expect conversation to continue’: Senior US officials on Trump, Xi discussion on Iran
WASINGTON D.C.: Senior US officials said on Sunday that the discussions between US and China are set to continue on the topic of Iran as the two countries gear up for the much-anticipated meeting
Seven ships cross Strait of Hormuz as Iran-US talks stall
LONDON: Around seven ships, mainly dry bulk vessels, crossed the Strait of Hormuz in the past 24 hours, shipping data showed on Monday, as diplomatic talks between Iran and the United States have stalled.