Tehran, April 4 (IANS) Iran’s Islamic Revolution Guard Corps (IRGC) Navy said Saturday that it had hit an Israel-linked vessel with a drone, setting it on fire. The IRGC Navy said in a post on social media platform X that it hit the vessel in the Strait of Hormuz.Meanwhile, in a statement on its official news outlet Sepah News, the IRGC confirmed the attack, saying its forces had targetted an Israeli-owned commercial ship in a port in Bahrain.It said the ship, which was sailing under a third cou…
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Seoul, March 31 (IANS) The Ministry of Trade, Industry and Resources said on Tuesday it has allocated 924.1 billion won ($609 million) in a supplementary budget to respond to the Mideast crisis amid disruptions in energy and industrial supply chains.The announcement came after the Cabinet, chaired by President Lee Jae Myung, approved a government bill for a 26.2 trillion-won supplementary budget aimed at tackling difficulties stemming from the escalating conflict in the Middle East and revamping…