New Delhi, May 10 (IANS) Saudi Arabian Oil Company (Aramco) president and CEO Amin H. Nasser said on Sunday that the oil giant’s East-West Pipeline has reached its maximum capacity of 7.0 million barrels of oil per day and is proving to be a crucial alternative to the Strait of Hormuz for ensuring energy supplies to world markets. Aramco announced a 25 per cent increase in its quarterly profit as it increased exports via a pipeline that bypasses the Strait of Hormuz, after the Iran war stopped…
Latest Red Sea News & Updates
Paris, May 7 (IANS) French President Emmanuel Macron has called for “all parties” to lift the blockade of the Strait of Hormuz “without delay and without conditions,” after a telephone talk with Iranian President Masoud Pezeshkian. “We must return permanently to the regime of full freedom of navigation that prevailed before the conflict,” Macron said on social media platform X on Wednesday evening (local time), adding that the future multinational escort mission launched by France and Britain wi…
Washington, May 2 (IANS) The Arabian Sea, the Strait of Hormuz, and the Red Sea form a connected maritime network that sustains critical global flows, where disruption in one part can trigger cascading effects across the entire system. The closure of the Strait of Hormuz disrupts global energy markets, instability in the Red Sea complicates the re-routing of shipping routes and intensifies pressure on alternative corridors, while maritime infiltration exposes vulnerabilities in coastal urban hub…
Washington, April 15 (IANS) European countries are preparing a postwar plan to secure shipping through the Strait of Hormuz without direct US involvement, as tensions from the Iran conflict reshape trans-Atlantic ties.The proposal, led by the UK and France, would create a broad coalition to restore confidence in the waterway after hostilities end. It would include mine-clearing operations and naval deployments, but exclude “belligerent” parties such as the United States, Israel and Iran, acc…
New Delhi, April 14 (IANS) With the US military starting its blockade of Iran’s ports, around two million barrels of Iranian oil per day is expected to be shut out from the world’s markets, tightening global supply and leading to a further rise in prices of petroleum products, according to reports.A complete blockade of the Strait of Hormuz may also impact LPG supplies for India, as over the past month the country managed to have at least eight LPG tankers safely crossed through the strait,” w…
Seoul, April 12 (IANS) Industry Minister Kim Jung-kwan said on Sunday that Saudi Arabia has promised to prioritise oil shipments to South Korea as Seoul seeks an alternative route through the Red Sea.Authorities in Seoul are pushing to dispatch five Korean-flagged vessels to the Saudi port city of Yanbu on the Red Sea coast to help establish alternative supply routes as the Strait of Hormuz has been effectively shut down amid the Middle East conflict, reports Yonhap news agency.”We are preparing…
Tehran, April 6 (IANS) Iran on Monday warned of “much more devastating” and extensive retaliation if its civilian targets are further attacked. “If attacks on civilian targets are repeated, the next stages of our offensive and retaliatory operations will be much more devastating and widespread,” said a spokesman for the Khatam al-Anbiya Central Headquarters.Earlier, US President Donald Trump threatened to destroy Iran’s civilian infrastructure if the Strait of Hormuz remains closed.In another de…
New Delhi, April 5 (IANS) With no end in sight to the ongoing conflict in West Asia, Gulf nations are intensifying efforts to reduce their reliance on the Strait of Hormuz, a vital transit chokepoint through which nearly 20 million barrels of oil pass daily, a report has said.Rising geopolitical risks and recent attacks on shipping have pushed long-discussed alternatives, including pipelines and overland corridors, closer to implementation.According to a report by the Financial Times, countries …
New Delhi, March 27 (IANS) Iran’s plan to establish a safe corridor in the Strait of Hormuz has been met with reluctance from China, even as the country along with “Asia’s major economies facing serious issues amid disruptions in shipping traffic,” a new report has said.The report from Turkey-based Anadolu Agency said Chinese vessels largely avoided the safe corridor provided by Tehran for 10 days.Tehran announced on March 13 that it would monitor ship movements in a corridor between the Lar…
Brussels, March 20 (IANS) European Union (EU) leaders pledged to remain vigilant against any spillover from the Middle East conflicts that could trigger migratory pressure on the bloc, as the conflicts pose growing risks to Europe.Although the conflict “has not translated into immediate migratory flows towards the EU,” leaders at a European Council meeting underscored “the importance of maintaining a high level of vigilance and ensuring the necessary level of preparedness,” according to conclusi…