New Delhi, May 17 (IANS): Oil prices in the global market are likely to remain in the high range of $90 to 110 per barrel “as there is little prospect of a swift and durable settlement between the US and Iran and with it the full reopening of the Strait of Hormuz”, according to a Moody’s global report on geopolitical risks.Moody’s said even if safe passage in the Strait were to resume in the next six months, the oil market would remain supply-constrained, with persistently higher and more vola…
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New Delhi, May 15 (IANS) Iranian Foreign Minister Seyed Abbas Araghchi on Friday said that the Strait of Hormuz remains open to all vessels, except for those belonging to countries engaged in a conflict with Iran. Addressing a press conference in New Delhi, Araghchi said that Iran continues to facilitate the passage of vessels, noting that it had already done so for several Indian ships. He said safe passage of all vessels is Iran’s policy and interest and that Tehran is ready to assist those se…
New Delhi, May 15 (IANS) Union Parliamentary Affairs Minister Kiren Rijiju on Friday backed the BJP’s demands for clarity on the “funding” of Leader of Opposition (LoP) Rahul Gandhi’s foreign trips as well as the “unaccounted” income that was being spent on facilitating the same. Speaking to the media, Rijiju also stated the ‘opaqueness’ around certain foreign visits by the Congress MP was worrisome as it amounted to a violation of Parliamentary protocols.“The questions being r…
New Delhi, May 15 (IANS) The United Arab Emirates (UAE) has issued a sweeping condemnation on Friday of what it called a “terrorist attack” targeting an Indian-flagged ship off the coast of Oman, as Prime Minister Narendra Modi will visit the Gulf nation later today for a high-stakes bilateral visit. In a sharply worded statement released on its official social media channels, the UAE’s Ministry of Foreign Affairs (MoFA) said the assault on the vessel, operating under the Indian flag near …
Male, May 14 (IANS) Pakistan’s failure to host the second round of talks between the US and Iran in Islamabad reflects more than a logistical setback. The Iranian Foreign Minister’s early exit, followed by Washington’s decision to suspend the visit of its envoys, signals a breakdown shaped more by mistrust rather than procedural delays, a report has detailed. According to a report in Maldivian media outlet Etruth MV, effective diplomatic mediation depends on consistency, discretion, and ne…
New Delhi, May 14 (IANS) Two India-bound vessels have safely crossed the Strait of Hormuz and are expected to arrive in the country in the next couple of days, the government announced on Thursday.SYMI, an LPG carrier and Marshall Islands-flagged vessel, carrying 19,965 MT of LPG cargo for India, with 21 foreign crew members onboard, safely crossed the Strait on May 13 and is expected to arrive at Kandla on May 16, the government said in its daily briefing.”NV SUNSHINE, an LPG carrier and Vietna…
Dubai, May 14 (IANS) Bangladesh pacer Nahid Rana and South Africa captain Laura Wolvaardt have been named the ICC Men’s and Women’s Players of the Month, respectively, following impressive performances in recent international assignments.Rana secured the men’s honour for the first time after playing a pivotal role in Bangladesh’s 2-1 home series victory over New Zealand. The young fast bowler finished the series with eight wickets at an economy rate of 4.46 and was adjudged Player of the…
New Delhi, May 14 (IANS) The Bharatiya Janata Party (BJP) on Thursday trained guns at the Lok Sabha Leader of Opposition (LoP), Rahul Gandhi, over his multiple foreign visits undertaken over the past two decades, questioning the money trail and also the “source of funding” behind his “luxurious globe-trotting”.In a pointed attack, BJP MP Sambit Patra said the declared income of Congress MP was Rs 11 crore, but he has spent about Rs 60 crore on 54 foreign trips across continents, includin…
New Delhi, May 14 (IANS) The Ministry of External Affairs (MEA) on Thursday strongly condemned the attack on an Indian-flagged cargo vessel off the coast of Oman, describing the incident as “unacceptable” and expressing concern over continued attacks on commercial shipping and civilian mariners in the region. According to reports, the Gujarat-owned cargo ship MSV Haji Ali sank after it was struck by what preliminary reports described as a drone or missile-like projectile on May 13 while sail…
New Delhi, May 12 (IANS) Union Commerce and Industry Minister Piyush Goyal said on Tuesday that the free trade agreement (FTA) between India and Oman signed in December 2025 is expected to come into force from June 1, 2026.”I have had a good meeting with the Oman team today and most probably the Oman free trade agreement will come into effect from June 1, 2026,” the minister said according to multiple reports.A delegation from Oman is in India to discuss ways to boost trade and investments. The …