Washington, May 6 (IANS) US President Donald Trump said “Project Freedom” — the American-led movement of ships through the Strait of Hormuz — has been paused temporarily after what he described as progress in negotiations with Iran and requests from Pakistan and other countries.“Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been ma…
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United Nations, April 30 (IANS) Warning of a steep fall in economic growth and a rise in poverty around the world due to the Iran war, UN Secretary-General Antonio Guterres reiterated his demand for the immediate restoration of free navigation in the Strait of Hormuz.”As with every conflict, the whole of humanity is paying the price – even if a few are reaping huge profits,” he told reporters. “The pain will be felt for a long time to come.”The war’s “consequences are not cumulative. They ar…
Washington, April 24 (IANS) US President Donald Trump said that the United States will keep control of the Strait of Hormuz until Iran agrees to a deal, using the vital oil route as leverage in the ongoing standoff.“We have total control of it,” Trump said. “It’ll open when they make a deal or something else happens that’s very positive.”He made clear the closure is intended to pressure Iran’s economy. “If we open the strait, that means they’re going to make $500 million a day….
Washington, April 7 (IANS) U.S. President Donald Trump has issued a final deadline to Iran to reach a deal, warning of sweeping military action if talks fail, as tensions in West Asia escalate with global energy and security implications. “They have till tomorrow, 8:00 eastern time,” Trump said, adding that the window for diplomacy was closing fast.He said negotiations were ongoing but uncertain. “We think [they are] negotiating in good faith… we’re going to find out,” he told …
Washington, April 2 (IANS) US President Donald Trump has said countries dependent on Middle East oil should take responsibility for securing the Strait of Hormuz, as he blamed Iran for disruptions and rising fuel prices linked to the conflict. In his televised address to the nation on Wednesday night (local time), Trump said recent increases in gasoline prices were “entirely the result of the Iranian regime launching deranged terror attacks against commercial oil tankers and neighbouring count…
Beijing, April 1 (IANS) Chinese Belt and Road projects tied to Iranian ports, rail corridors, and energy infrastructure are now facing heightened instability and security risk amid the escalating conflict in West Asia. The vision of a secure overland energy corridor from Iran to China “insulated from US naval power” has given way to uncertainty, marking a sharp strategic setback for Beijing, a report has stated.”China stands to lose heavily, both materially and geopolitically, from the devastati…
Washington, March 10 (IANS) US President Donald Trump centred his latest warning to Iran on the Strait of Hormuz, saying any attempt to block or disrupt the vital oil route would trigger overwhelming American retaliation.“If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far,” Trump said in a statement posted on Truth Social.He coupled that warning with a threat to de…
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 2 (IANS) India’s GDP growth for FY27 is likely to touch 7.2 per cent and FY26 growth could be revised up to 7.8 per cent from 7.6 per cent in the subsequent GDP estimates from the government, a report said on Monday.The report from HDFC Bank said the new GDP series with base year 2022‑23 confirms India’s healthy growth performance in this fiscal, adding the growth estimates will rise going forward given strong high‑frequency indicators in Q4.The nominal growth for FY27 is …
Mumbai, March 1 (IANS) Missiles fired between Iran and Israel-US joint forces across the Gulf pose one of the most serious disruptions to oil flows in decades and may not be offset by production increases outside the Gulf, analysts said on Sunday.Traders warned that prices could jump sharply when markets reopen on Monday if the violence continues. Though no confirmed disruptions to shipping through the Strait of Hormuz, the risk of tankers being stranded or targeted has prompted major oil trader…