London, June 14 (IANS) The navy of Iran’s Islamic Revolutionary Guard Corps (IRGC) warned ships operating near the Strait of Hormuz against transiting the strategic waterway, according to an audio recording of a public maritime radio channel.The recording, provided to Xinhua by a crew member aboard a commercial vessel near the strait, showed that the IRGC navy addressed all vessels operating in the Persian Gulf and the Gulf of Oman, saying the Strait of Hormuz had been “completely closed” and th…
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Tehran, June 12 (IANS) Iran on Friday condemned the US attacks on commercial vessels with Indian crew members, which resulted in the death of three Indian nationals, terming the incidents as “clear evidence of America’s ongoing policy of armed robbery and state piracy”. Iranian Foreign Ministry spokesperson Esmail Baqaei offered condolences to the families of the deceased Indian sailors and urged the international community to hold the US accountable for its “lawless conduct”.”The brutal US atta…
New Delhi, June 11 (IANS) India on Thursday said that it has lodged a “strong protest” with the American side, conveying deepest concerns on the ongoing attacks on ships with Indian seafarers in West Asia in the last few days. The Ministry of External Affairs (MEA) called for an end to such attacks and stated that India attaches great importance to the welfare and well-being of Indian seafarers’ community. Addressing an inter-ministerial briefing on recent developments in West Asia in New Delhi …
New Delhi, June 9 (IANS) Global liquefied natural gas (LNG) prices are expected to climb to their highest levels in more than three years, driven by rising demand in Asia and the need for Europe to replenish depleted inventories ahead of winter, according to a report.A report by Morgan Stanley forecasted the Asian LNG benchmark price to rise to $25 per million British thermal units (mmBtu) during the third and fourth quarters of the year, an increase of more than 30 per cent from current forward…
Washington, June 6 (IANS) The United States military has announced that it shot down four Iranian attack drones headed towards the Strait of Hormuz and later carried out strikes on Iranian coastal radar installations, marking a fresh escalation in tensions in one of the world’s most critical maritime corridors.In a brief statement on Friday (local time), the US Central Command (CENTCOM) said its forces acted after detecting what it described as an immediate threat to shipping in the region.“Mo…
Washington, June 5 (IANS) US President Donald Trump has said the United States does not require military assistance from European allies to safeguard navigation through the Strait of Hormuz, while stressing that the strategic waterway would reopen and remain secure.The comments came as Trump on Thursday discussed Iran, maritime security and global energy supplies during an extended question-and-answer session at the White House.Asked whether he still wanted European allies to help secure the Str…
New Delhi, June 4 (IANS) With the conflict still raging in the Middle East, India is among the most exposed major economies with a heavy dependence on Persian Gulf oil and gas supplies as well as fertilisers. Approximately 50 per cent of the country’s crude oil imports (2.5–2.7 million barrels/day), 68 per cent of LNG (Liquefied Natural Gas), and over 85 per cent of LPG (Liquefied Petroleum Gas) usually transit the Strait of Hormuz. Any disruption significantly impacts India’s economic gro…
Washington, May 31 (IANS) White House National Economic Council Director Kevin Hassett said on Sunday that refineries in India and Pakistan were among those affected by disruptions caused by the closure of the Strait of Hormuz, expressing hope that fuel supplies and prices would ease once the key shipping route reopens.Speaking on ABC News’ “This Week”, Hassett said increased maritime traffic was already moving through the strait and suggested conditions could improve if ongoing negotiations suc…
London, May 31 (IANS) Iran’s Islamic Revolution Guard Corps (IRGC) Navy warned that any US interference in the “management” of the Strait of Hormuz would be met with a “strict military response.”According to recordings from a public maritime radio channel provided to Xinhua by crew members aboard vessels stranded near the strategic waterway, the IRGC Navy issued a warning to ships operating in the Persian Gulf and the Gulf of Oman, stating that the Strait of Hormuz remains closed and that transi…
Washington, May 30 (IANS) US President Donald Trump ended a two-hour Situation Room meeting on a proposed Iran agreement without announcing a decision, media reports said.Trump had earlier said he would make a “final determination” on a proposal aimed at extending a ceasefire with Iran, reopening the Strait of Hormuz and launching negotiations over Tehran’s nuclear programme.However, after the meeting concluded, the White House offered no indication that a final decision had been reached.CNN rep…