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…
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Washington, March 13 (IANS) Facing a sharp rise in fuel prices and disruptions in global shipping routes, the White House is considering a temporary waiver of the century-old Jones Act to allow more vessels to deliver energy and agricultural supplies to US ports.Press Secretary Karoline Leavitt confirmed that this major move is under consideration but has not yet been finalised.“In the interest of national defense, the White House is considering waiving the Jones Act for a limited period of ti…
Washington, March 12 (IANS) US Energy Secretary Chris Wright said energy markets could face short-term disruption as the conflict involving Iran affects oil flows, but insisted the impact would likely be temporary and that military operations would eventually stabilise global energy supplies.Speaking in separate television interviews — Fox News and News Nation — Wright on Wednesday (local time) said the United States and its partners were releasing strategic petroleum reserves while the US m…
Washington, March 12, (IANS) President Donald Trump has said that US military action against Iran would help bring down global oil prices, telling supporters in Kentucky that a coordinated release of emergency crude reserves and continued pressure on Tehran would stabilise energy markets.Speaking at an event in Hebron, Kentucky, on Wednesday (local time), Trump defended the ongoing US military campaign against Iran and said Washington would continue operations until its objectives were achieved….
Gandhinagar, March 11 (IANS) The Gujarat government has formed a high-level committee to secure liquefied natural gas (LNG) supplies in response to disruptions in global energy markets caused by conflicts in West Asia, Spokesperson Minister Jitu Vaghani announced on Wednesday.The committee, headed by Chief Secretary M.K. Das, will monitor LNG availability and coordinate with central authorities to ensure households continue to receive uninterrupted gas supplies.“The panel, guided by Chief Mini…
Strasbourg, March 11 (IANS) European Commission President Ursula von der Leyen said on Wednesday the Middle East conflict has imposed heavy economic costs on Europe, driving up energy prices and adding billions of euros to import bills. “Since the beginning of the conflict, gas prices have risen by 50 per cent and oil prices by 27 per cent,” von der Leyen told the European Parliament in Strasbourg. She said 10 days of war had already cost European taxpayers an extra 3 billion euros (3.48 billion…
Washington, March 11 (IANS) The White House said that the United States is determined to keep the Strait of Hormuz open as the war with Iran intensifies, stressing that President Donald Trump will not allow Tehran to disrupt global energy supplies.White House Press Secretary Karoline Leavitt said the administration has made protecting the vital shipping lane a central objective of Operation Epic Fury, the US military campaign against Iran.“President Trump reiterated his commitment toward keepi…
Washington, March 8 (IANS) US Energy Secretary Chris Wright said on Sunday that the US asked India to purchase Russian oil cargoes that were waiting to unload at Chinese refineries in a bid to stabilise global energy markets during the ongoing conflict with Iran. In an interview to CNN, Wright said the Trump administration directly reached out to India as part of a short-term effort to calm oil markets rattled by disruptions in the Middle East.”I did call up the Indians, as did US Treasury Secre…
Wednesday, March 5 (IANS) The United States may deploy naval escorts for oil tankers passing through the Strait of Hormuz if necessary, the White House have said, as the conflict with Iran raises concerns about global energy supplies and shipping security in one of the world’s most critical maritime corridors. Speaking at a White House briefing on Wednesday (local time), Press Secretary Karoline Leavitt said that the administration was closely monitoring oil markets and maritime traffic as Ope…
New Delhi, March 3 (IANS) The current escalation between the United States, Israel, and Iran underscores fundamental lessons about the intersection of military power, diplomacy, and strategic communication, a report cited on Tuesday. “First, the use of coercive military force against a highly motivated adversary does not necessarily ensure compliance or quick surrender; instead, it may strengthen resistance and expand the scope of the conflict. Second, without credible and sustained diplomatic e…