New Delhi, April 4 (IANS) An India-bound LPG tanker has begun its journey through the strategically crucial Strait of Hormuz, offering some relief to concerns over energy supplies amid the ongoing West Asia conflict.The vessel, Green Salvi, is carrying more than 46,000 metric tonnes of liquefied petroleum gas (LPG) and is expected to exit the narrow waterway by early morning, according to the sources.The shipment is likely to play an important role in supporting India’s domestic cooking gas su…
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Seoul, April 3 (IANS) South Korean stocks rose nearly 2.5 per cent late on Friday morning as Iran is said to be working on a protocol with Oman to monitor traffic through the Strait of Hormuz, raising hopes for the reopening of the crucial shipping waterway.The benchmark Korea Composite Stock Price Index (KOSPI) rose 128.99 points, or 2.46 percent, to 5,363.0, reports Yonhap news agency.The index opened 2.7 percent higher, rebounding from a sharp decline the previous session, and maintained its …
Mumbai, April 2 (IANS) Minister of State for Defence Sanjay Seth on Thursday flagged off INS Sunayna, an Offshore Patrol Vessel of the Indian Navy, that set sail from Mumbai as Indian Ocean Ship (IOS) SAGAR, reinforcing India’s commitment to regional maritime security and international cooperation, an official said. The ship carries personnel from India and 16 maritime forces of Friendly Foreign Countries (FFCs), said a statement.Naval Chief Dinesh K. Tripathi highlighted the evolving ma…
New Delhi, April 2 (IANS) Commerce and Industry Minister Piyush Goyal on Thursday said the government is preparing a fresh set of measures to help Indian exporters navigate disruptions in global trade caused by the ongoing conflict in West Asia. He indicated that several decisions are currently under consideration across ministries and are likely to be announced soon.Addressing concerns over the impact of the conflict, Goyal said the war has adversely affected the global economy and trade flows,…
Seoul, April 2 (IANS) South Korea has secured around 50 million barrels of alternative oil supplies for this month to replace supplies from the Middle East blocked due to the effective closure of the Strait of Hormuz, government officials said on Thursday, vowing continued efforts to stably manage energy supplies.The government and oil refineries are working hard to secure alternative oil supplies from different countries, Yang Ghi-wuk, deputy minister for trade, industry and resource security, …
New Delhi, March 31 (IANS) Around 5,72,000 passengers have returned from the West Asia region to India and with the Qatar airspace partially open, around 8–10 non-scheduled commercial flights are expected to operate to the country on Tuesday, the government said.In the UAE, around 85 flights are expected to operate across the day. Limited non-scheduled flights continue based on operational and safety considerations. Flights continue to operate from Oman and Saudi Arabia to India, according to …
Islamabad, March 30 (IANS) Amid the ongoing conflict in West Asia, Pakistan is actively seeking to project itself as a mediator, a reflection of the pressures and constraints it faces, both external and internal, according to a report. A meeting was recently held in Islamabad, which witnessed the participation of Turkey, Egypt, and Saudi Arabia. However, the actual parties to the conflict – Israel, the US, and Iran were not part of the meeting. This portrayal of Pakistan as a potential mediator …
New Delhi, March 30 (IANS) The overall flight situation from the Gulf nations continues to improve, with around 85 flights expected to operate from the UAE to India on Monday, while some also continue to operate from various airports in Saudi Arabia and Oman to different destinations in India, according to the Ministry of External Affairs.With the Qatar airspace partially open, Qatar Airways was expected to operate around 10 flights to India on Monday.However, the Kuwait and Bahrain airspaces re…
Dhaka, March 27 (IANS) Although geographically distant, the ongoing conflict in the Middle East has a direct impact on Bangladesh’s villages where millions of families depend on relatives working in the Gulf region. This has turned the regional unrest into a household anxiety, a report stated. According to the Bangladesh government, since the beginning of the conflict, at least five Bangladeshi migrant workers have been killed and several others injured in missile and drone attacks across seve…
New Delhi, March 26 (IANS): Flight operations from the Middle East to India are improving with additional flights from the war-torn region coming in.Around 80 flights were expected to arrive from various airports in the UAE on Thursday as airlines are operating a limited number of non-scheduled flights. Flights continue to operate to India from Saudi Arabia and Oman, while the Qatar airspace is partially open with around 8–9 non-scheduled flights expected on Thursday, according to a statement …