NEW YORK: Geopolitical conflicts have pushed up vessel earnings while creating obstacles for shipping companies in crewing and making mid- and long-term investments, several shipowners said. Freight rates in various sectors have risen as
NEW DELHI: The duration of the disruption in the Strait of Hormuz remains the “single most consequential variable” for India’s external sector and inflation outlook, according to the Finance Ministry’s Monthly Economic Review for
NEW DELHI: The government is working to strengthen fuel security through strategic reserves and ensuring uninterrupted supply, even as steps continue to be taken against hoarding, Sujata Sharma, Joint Secretary, Ministry of Petroleum and
TEHRAN : Iran has reasserted its sovereignty over the Strait of Hormuz, issuing a stern warning that both mercantile and naval vessels must strictly adhere to shipping protocols in the crucial maritime corridor or
MOSCOW: National Security Advisor Ajit Doval called for special attention to the situation in West Asia, emphasising the need to ensure the safe and uninterrupted flow of trade through international waterways, including theStrait of
WASHINGTON DC: US President Donald Trump remained committed to striking a favourable ceasefire deal with Iran, warning that he “won’t be outlasted” as he “doesn’t care about the midterm” elections. Speaking during a cabinet
FLORIDA: In a significant escalation of maritime tensions in West Asia, the United States armed forces have intensified enforcement operations to choke off maritime traffic bound for or originating from Iranian territories. Detailing the
TEHRAN : Iran’s foreign ministry spokesperson said on Monday that conclusions have been reached on many topics discussed in a potential memorandum of understanding with the U.S., but this does not mean Tehran is
NEW DELHI: External Affairs Minister Shri S Jaishankar on Sunday highlighted that India is among the few countries in the world with strong relations and real interests in the Gulf and that it wants
TEHRAN: The United States and Iran are engaged in indirect talks aimed at developing a framework for a possible agreement, Iran’s ISNA News Agency reported. According to the report, the two sides are currently