Washington, May 5 (IANS) The United States has launched a military mission to break what it calls Iran’s blockade of commercial shipping in the Strait of Hormuz, deploying warships and aircraft to escort vessels through one of the world’s most critical oil routes.US Secretary of War, Pete Hegseth said the operation, dubbed “Project Freedom”, was ordered by President Donald Trump to “restart the free flow of commerce through the Strait of Hormuz.”He described the mission as “defensi…
Latest Strait of Hormuz News & Updates
Kuwait City, May 5 (IANS) India’s Ambassador to Kuwait, Paramita Tripathi held a meeting with Kuwait’s Minister of Amiri Diwan Affairs, Sheikh Hamad Jaber Al-Ali Al-Sabah on Tuesday, discussing ways to strengthen strategic partnership between the two nations across several sectors, including in emerging areas of technology, research and innovation. Both sides also discussed regional developments. Ambassador Tripathi reiterated India’s solidarity with Kuwait and its support for peaceful resolut…
Abu Dhabi, May 5 (IANS) Several countries around the world, including Japan, Ireland, Austria, Saudi Arabia, and Jordan, on Tuesday condemned the recent attack carried out by Iran on the United Arab Emirates (UAE). The UAE’s Defence Ministry reported on Monday that its defence systems engaged 12 ballastic missiles, three cruise misssiles and four UAV’s. Three Indian nationals were among those injured in attacks in Fujairah.Japan’s Prime Minister Sanae Takaichi said that she was “deeply con…
Seoul, May 5 (IANS) The presidential office said on Tuesday it will likely take several days to determine the cause of an explosion and fire aboard a Panama-flagged bulk carrier operated by South Korea’s HMM Co. in the Strait of Hormuz.Presidential spokesperson Kang Yu-jung made the remarks in a written briefing after senior presidential officials, including presidential chief of staff Kang Hoon-sik, held a meeting to discuss the response to the fire, reports Yonhap news agency.”It is expected t…
New Delhi, May 5 (IANS) While the closure of the Strait of Hormuz amid the US-Israel war on Iran has disrupted supply chains of fuel-importing countries, it has also opened up new opportunities for countries like Nigeria to step up exports of petroleum product from its coastal refinery that has been built with Indian and Chinese assistance, according to a new report.The Lagos-based refinery, owned by Aliko Dangote, Africa’s richest man, is operating at full capacity of 650,000 barrels per day …
New Delhi, May 5 (IANS) The conflict between the United States and Iran has triggered a severe energy price shock through Pakistan’s economy which is in dire straits with rising inflation, dwindling foreign exchange reserves and a fast depreciating currency.According to an article in India Narrative, this is not merely a transient shock for Pakistan, one of South Asia’s most fragile states, but a structural blow to the economy. It points out that Pakistan is the “primary casualty” in the…
Mumbai, May 5 (IANS) Global crude oil prices declined sharply on Tuesday, falling up to 2 per cent despite a fresh escalation in West Asia, as the conflict entered its third month.The international oil benchmark Brent crude slipped 1.36 per cent to $112.88 per barrel, while US West Texas Intermediate (WTI) fell 2.34 per cent to $103.92 per barrel.On the domestic front, crude oil futures (June 18) on the Multi Commodity Exchange traded lower, down 1.12 per cent or Rs 109 at Rs 9,578.Prices eased …
New Delhi, May 5 (IANS) India on Tuesday condemned the attacks on the United Arab Emirates (UAE), in which three Indian nationals were injured and called for the immediate cessation of the hostilities and the targeting of civilians and civilian infrastructure. Three Indian nationals were injured in attacks in Fujairah on Monday (local time). The UAE held Iran responsible for these attacks.In a statement, the Ministry of External Affairs said, “The attack on Fujairah that resulted in injury to th…
Seoul/Washington, May 5 (IANS) US President Donald Trump has claimed that Iran has taken shots at a South Korean cargo ship and other targets, noting that it is time for Seoul to participate in a mission to reopen the crucial Strait of Hormuz. Trump made the remarks in a social media post as the United States launched an operation, called Project Freedom, on Monday (local time), to guide commercial vessels stranded by the US-Israeli war against Iran, out of the waterway, a key shipping route for…
SEOUL, May 5 (IANS) A fire that broke out after an explosion aboard a Panama-flagged bulk carrier operated by South Korea’s HMM Co. in the Strait of Hormuz has been extinguished, and no injuries were reported, the company said Tuesday. The explosion occurred at about 8:40 p.m. Monday (Korean time), while the HMM Namu was anchored in waters off the United Arab Emirates, HMM said. The fire began in the engine room, and crew members used carbon dioxide to fight the blaze for about four hours.HMM sa…