Iran conflict raises new credit risks for emerging markets, including India: Fitch
NEW DELHI: The Iran conflict could raise additional challenges for some emerging market sovereigns, including India, as far as energy imports, remittances, fiscal subsidies, exchange rates and access to international finance are concerned, said
UAE tugboat sinks in Strait of Hormuz; 3 Indonesian crew members missing
JAKARTA: Jakarta’s foreign ministry on Saturday (Mar 7) said that three Indonesian crew members were missing after a United Arab Emirates-flagged tugboat sank in the Strait of Hormuz on Friday (Mar 6). The ministry
Pharma exporters brace for Rs 5,000-crore hit as US-Iran war drives up freight costs
NEW DELHI: A total stop to pharma shipments to West Asia this month alone can drain Rs 2,500–Rs 5,000 crore of export value, the Pharmaceuticals Export Promotion Council of India (Pharmexcil) has warned, as freight rates
Global trade reroutes to Africa as Hormuz traffic plunges 90%
LONDON: Commercial shipping traffic through the Strait of Hormuz has dropped as much as 90% amid escalating conflicts in the Middle East, forcing global maritime trade to reroute around the Cape of Good Hope,
US permits 30-day waiver for India to purchase Russian Oil, as conflict puts stress on Strait of Hormuz supply route
WASHINGTON : With the crisis in the Gulf severely hampering shipping routes that pass through the Strait of Hormuz, the United States on Thursday (local time) allowed a 30 day waiver for India to
Iran to allow Only Chinese Vessels through Strait Of Hormuz: Sources
TEHRAN: Iran has said it will allow only Chinese vessels to pass through the Strait of Hormuz as an expression of gratitude for Beijing’s stand towards Tehran since the war in the Middle East
Attack on oil tanker ‘Skylight’ highlights risks to Indian seafarers in Persian Gulf route
OMAN: Iran has attacked an oil tanker ‘Skylight’ passing through the Strait of Hormuz near the coast of Oman, as it retaliates with all its might to avenge the US and Israel’s assassination of
Saudi’s Aramco explores Oil Exports from Red Sea to avoid Strait of Hormuz
DHAHRAN: Saudi Aramco is exploring the option of delivering more cargoes to Yanbu, a port on the Red Sea that’s situated outside the Persian Gulf, where dozens of ships are hunkered down as the