Tehran, April 23 (IANS) South Korea’s special envoy to Iran has met with Iranian Foreign Minister Abbas Araghchi in Tehran, an Iranian social media post showed on Thursday, as Seoul seeks to ensure the safety of its vessels and seafarers stranded in the Strait of Hormuz amid the West Asia tensions. Chung Byung-ha, special envoy for South Korea’s foreign minister, expressed hope in his meeting with Araghchi that diplomatic efforts would bring a definite end to the conflict and lead to peace and s…
Latest Strait of Hormuz News & Updates
Mumbai, April 23 (IANS) Global oil prices edged higher on Thursday due to a stalemate over the next round of peace talks between the United States and Iran that kept the energy artery Strait of Hormuz effectively closed.The June contract for Brent on the Intercontinental Exchange traded at $103.35 a barrel in morning trade, up around 4 per cent from the previous close. Meanwhile, the June futures contract for West Texas Intermediate on the New York Mercantile Exchange (NYMEX) rose 1.62 per cent …
New York, April 22 (IANS) Iran on Wednesday attacked a ship in the Strait of Hormuz that was on its way to Mundra Port in India, hours after US President Donald Trump announced an indefinite ceasefire.It was one of the two ships that the Islamic Revolutionary Guard Corps Navy (IRGC-N) announced it had attacked and taken over, according to the government-run PressTV.IRGC-N identified the ships it attacked as the MSC-Francesca, and the Epaminodas, PressTV said (although it spelled it as “Epaminoda…
Mumbai, April 22 (IANS) Amid the outlook of elevated energy prices coupled with supply shock due to disruptions in the Strait of Hormuz, which pose a drag on domestic production in 2026-27, the Government’s focus on scaling up domestic manufacturing in several strategic and frontier sectors announced in the Union Budget bodes well for India’s ensuing growth trajectory, according to the minutes of the RBI Monetary Policy Committee (MPC) released on Wednesday.On the external front, merchandise…
Mumbai, April 22 (IANS) Global crude oil prices edged higher to nearly $100 a barrel on Wednesday as traders and investors analysed the outlook for US-Iran peace talks following US President Donald Trump’s announcement to extend a fragile ceasefire, even as the Strait of Hormuz remained constrained.International benchmark Brent crude futures traded at $99.29 per barrel, up 0.82 per cent, while US West Texas Intermediate (WTI) rose 1.15 per cent to $90.71.Both benchmark contracts had gained aro…
Sydney, April 22 (IANS) Australian Prime Minister Anthony Albanese on Wednesday announced the government has secured additional diesel shipments.Albanese told reporters in Sydney that four shipments, two from South Korea and one each from Brunei and Malaysia, with a combined 200 million litres of diesel, have been secured by the government in collaboration with BP and Viva Energy.He said that the government has been working to guarantee Australia’s domestic fuel supply amid global volatility and…
Washington, April 22 (IANS) US lawmakers have urged the Navy to speed up the deployment of unmanned surface vessels, warning that delays could leave the United States trailing adversaries adopting autonomous systems at a pace. Opening a Senate Seapower subcommittee hearing on Tuesday, Senator Rick Scott said the Navy “must move decisively to integrate unmanned systems into the fight” and warned it “appears… late to the game already,” pointing to lessons from the war in Ukraine.Scott sa…
Washington, April 22 (IANS) A series of US ship seizures and maritime interdictions far beyond the Persian Gulf is marking a new phase in the conflict with Iran, as Washington moves to choke off Tehran’s oil lifelines and test its strategic limits.US forces on Tuesday (local time) seized a tanker in the Indian Ocean suspected of carrying Iranian oil, expanding operations well outside the Middle East, The Washington Post reported.The move follows a broader directive by the Trump administration …
New York, April 21 (IANS) With the clock ticking on the tenuous ceasefire, the resumption of talks between Iran and the United States was clouded by Tehran’s refusal to commit to participating in the negotiations as Tuesday drew to a close, even as President Donald Trump sounded confident it was on. Leaving open the Strait of Hormuz, a chokepoint for 20 per cent of global oil and gas transport that has fuelled an economic crisis, hinges on the resumption of negotiations leading to a deal.Senio…
New Delhi, April 21 (IANS) Bangladesh has failed to get any breakthrough at the IMF-World Bank Spring meeting, held earlier this month, on the stalled IMF programme, and no assurance that the expected $3.2 billion in budget support from the World Bank, the ADB, the AIIB, and Japan can be mobilised within the government’s timeline, a local media report said.At a time when tensions in the Strait of Hormuz are already unsettling global energy and freight markets, this ambiguity could not have come …