New Delhi, March 27 (IANS) Iran’s plan to establish a safe corridor in the Strait of Hormuz has been met with reluctance from China, even as the country along with “Asia’s major economies facing serious issues amid disruptions in shipping traffic,” a new report has said.The report from Turkey-based Anadolu Agency said Chinese vessels largely avoided the safe corridor provided by Tehran for 10 days.Tehran announced on March 13 that it would monitor ship movements in a corridor between the Lar…
Latest Global Energy Market News & Updates
New Delhi, March 11 (IANS) India on Wednesday welcomed the International Energy Agency’s (IEA) decision to release emergency oil stocks amid the prevailing supply disruptions due to the Iran war.The government is closely monitoring the evolving situation in global energy markets, particularly in the Middle East, an official said.India stands ready to take appropriate measures, as necessary, to support global market stability in alignment with the efforts of the IEA, the official added.India is a…