Tehran, March 26 (IANS) As the conflict in West Asia continues to escalate, Iran has announced that it will not impose restrictions on vessels belonging to five “friendly” countries, including India, allowing them to pass through the strategically crucial Strait of Hormuz even as access remains limited for others.Along with India, ships from Russia, China, Pakistan and Iraq have been granted safe passage through the key maritime chokepoint despite the ongoing conflict in the region.In an intervi…
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Mumbai, March 26 (IANS) Global oil prices jumped to cross $100 per barrel on Thursday after Iran said it was not engaged in direct negotiations with the US to end the war.Brent crude futures rose 1.21 per cent to $103.46 per barrel while US West Texas Intermediate (WTI) crude jumped 1.35 per cent to $91.54 per barrel, as Middle East tensions continued to escalate.According to Iranian Foreign Minister Abbas Araghchi, exchanges between Tehran and Washington through intermediaries should not be int…
Moscow, March 23 (IANS) Sergei Lavrov and Abbas Araghchi, the Foreign Ministers of Russia and Iran, on Monday held a phone conversation over the latest situation in the Persian Gulf with Moscow emphasising the need for an immediate cessation of hostilities. A statement issued by the Russian Foreign Ministry detailed that Lavrov and Araghchi discussed the security situation in the region which has “sharply deteriorated as a result of the US and Israeli aggression”.It mentioned that Lavrov stresse…
New Delhi, March 23 (IANS) External Affairs Minister (EAM) S. Jaishankar on Monday said he held a conversation with his German counterpart Johann Wadephul on the ongoing West Asia conflict, which has now entered its fourth week, with both sides agreeing to stay in close contact amid evolving developments. Sharing details of the interaction on X, EAM Jaishankar said, “A useful conversation yesterday night with German FM Johann Wadephul on the West Asia conflict. Agreed to remain in touch.”The lat…
Seoul, March 21 (IANS) South Korea is in close talks with countries, including Iran, to ensure a swift normalisation of the Strait of Hormuz after Tehran said it is ready to allow Japan-bound vessels to pass through the sea route virtually closed in the wake of the Middle East crisis, a foreign ministry official said on Saturday.”The government is closely monitoring developments in the Middle East while exploring ways to protect our citizens and secure energy transport routes,” the official said…
Seoul, March 21 (IANS) South Korea is in close talks with countries, including Iran, to ensure a swift normalisation of the Strait of Hormuz after Tehran said it is ready to allow Japan-bound vessels to pass through the sea route virtually closed in the wake of the Middle East crisis, a foreign ministry official said on Saturday.”The government is closely monitoring developments in the Middle East while exploring ways to protect our citizens and secure energy transport routes,” the official said…
Tehran, March 14 (IANS) Iran on Saturday accused the United States of double standards over Russian oil, saying that Washington was now “begging” countries to purchase the same crude it had earlier tried to block through pressure and sanctions.In an X post, Iran’s Foreign Minister Abbas Araghchi slammed the US, alleging that it had spent months pressuring India to halt imports of Russian oil but had now shifted its position as tensions with Iran disrupted global energy markets.”The US spent mont…
New Delhi, March 12 (IANS) Prime Minister Narendra Modi on Thursday spoke with Iranian President Masoud Pezeshkian to review the serious situation unfolding in the West Asia region. In a post on X, PM Modi voiced concern over the escalation of tensions, pointing to the loss of civilian lives and damage to infrastructure.He underlined that the safety of Indian nationals remains the government’s foremost priority.The Prime Minister also highlighted the importance of unhindered transit of goods a…
New Delhi/Tehran, March 12 (IANS) Iran has allowed India-flagged tankers to pass through the Strait of Hormuz following talks between External Affairs Minister (EAM) S. Jaishankar and his Iranian counterpart Abbas Araghchi, with the aim of keeping the critical sea route open for the transportation of crude oil and natural gas.According to sources familiar with the developments, Indian tankers ‘Pushpak’ and ‘Parimal’ have been passing safely through the Strait of Hormuz even as ships from the US,…
New Delhi, March 7 (IANS) Crude oil prices surged further on Saturday to reach $91.84 per barrel amid the escalating US-Israel and Iran war.Brent crude reached $91.84 while West Texas Intermediate (WTI) hit $89.62. With this, both Brent and WTI have jumped 24.55 per cent and 32 per cent, respectively, reviving fears around consumer prices.Brent crude futures crossed $90 per barrel for the first time since April 2024. WTI crude advanced 11 per cent to the day’s high of $89.62 per barrel.Earlier, …