Washington, May 6 (IANS) US Secretary of State Marco Rubio warned that Iran’s actions could trigger broader economic instability as the increasing tensions in the Strait of Hormuz and fears of prolonged disruption to one of the world’s busiest energy corridors are increasing pressure on global oil markets.At the White House news conference , Rubio said Iran’s attempts to control shipping through the Strait of Hormuz threatened fuel supplies, global trade and international shipping lanes re…
Latest Shipping Lanes News & Updates
Washington, May 2 (IANS) US President Donald Trump signalled potential disruption to global oil flows, warning that maritime congestion and military actions near key shipping routes could affect energy supplies.Speaking at a Forum Club event in Palm Beach, Trump described heavy vessel traffic around a critical Gulf corridor. “You see all of those ships… they’re all over the place… hundreds and hundreds of ships,” he said.He said US naval operations had tightened control over the route….
Washington, March 25 (IANS) The Pentagon is preparing to deploy thousands of troops from the Army’s 82nd Airborne Division to the Middle East, signalling a potential escalation in the Iran conflict even as Washington explores diplomatic options.According to multiple media reports, it is preparing to deploy about 3,000 troops from the Army’s 82nd Airborne Division to the Middle East, adding to thousands of Marines already heading to the region.No decision has been made for US troops to enter …
New Delhi, March 23 (IANS) Brent crude has climbed up more than 60 per cent since the conflict in the Middle East began, from roughly $70 per barrel to about $112 per barrel on Monday.Meanwhile, crude oil prices for May futures on Multi Commodity Exchange (MCX) surged 0.65 per cent at Rs 9,318 per barrel.Crude rose about 56 per cent in the past 30 days, while US West Texas Intermediate (WTI) traded near $98.75 per barrel on Monday after rising over 2 per cent in the previous session.Escalating t…