New Delhi, May 18 (IANS) Global crude oil prices extended gains on Monday as escalating tensions between the US and Iran fuelled concerns over supply disruptions after a nuclear facility in the United Arab Emirates was attacked.International oil benchmark Brent crude rose as much as 2.37 per cent or $2.60 to $111.86 per barrel.Meanwhile, US West Texas Intermediate (WTI) crude advanced 3.11 per cent, or $3.28, to $108.70 per barrel.In the domestic markets, crude oil futures (June 18) on Multi Com…
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New Delhi, May 13 (IANS) Billionaire entrepreneur Elon Musk on Wednesday confirmed that he is travelling to Beijing aboard Air Force One alongside US President Donald Trump and several top American business leaders for a high-stakes summit with Chinese President Xi Jinping.Musk revealed his participation in the trip through a post on X, writing, “On my way to Beijing in Air Force One.” His confirmation comes as a powerful delegation of leading US corporate executives heads to China in what i…
Washington, May 11 (IANS) US military intelligence-gathering flights have increased off the coast of Cuba in recent months, according to a media report published on Monday. Since February 4, the US Navy and Air Force have conducted at least 25 flights, mostly near Havana and Santiago de Cuba, with some coming within 40 miles (64 km) of the coast, said the report, analysing publicly available aviation data from FlightRadar24, a live flight tracker.The missions have predominantly involved P-8A Pos…
Washington, May 11 (IANS) US President Donald Trump sharply rejected Iran’s response to a new US proposal aimed at ending the conflict in the Gulf region, calling Tehran’s position “TOTALLY UNACCEPTABLE” as tensions continued around the Strait of Hormuz.“I have just read the response from Iran’s so-called ‘Representatives.’ I don’t like it — TOTALLY UNACCEPTABLE! Thank you for your attention to this matter,” Trump said in a post on Truth Social.The remarks came hours after …
Tehran, May 11 (IANS) Iran’s latest draft proposal for talks with the United States calls for an immediate cessation of conflict on all fronts, a guarantee for no more “aggression” against Iran, and the lifting of US sanctions and naval blockade, the semi-official Tasnim news agency reported.”The proposal highlights the need to immediately end the war, provide guarantees for the non-repetition of the aggression against Iran, and certain other issues within a political agreement,” Tasnim cited an…
Washington, May 8 (IANS) Brazilian President Luiz Inacio Lula da Silva said that he urged US President Donald Trump to pursue dialogue with Iran and handed him a copy of a 2010 nuclear agreement brokered by Brazil and Turkey, as the two leaders concluded a closed-door White House meeting focused on trade, tariffs and global conflicts.Speaking later at the Brazilian Embassy in Washington on Thursday, Lula said he told Trump that “dialogue” was more effective than war and warned that military …
Washington, May 7 (IANS) US forces struck and disabled an Iranian-flagged unladen oil tanker sailing toward an Iranian port, the US Central Command said on X.The strike took place at 9 a.m. US Eastern Time on Wednesday, when the targeted vessel, Hasna, was transiting international waters en route to an Iranian port on the Gulf of Oman, said the command in a statement.”After Hasna’s crew failed to comply with repeated warnings, US forces disabled the tanker’s rudder by firing several rounds from …
New York, May 6 (IANS) The Strait of Hormuz appeared on Wednesday to be set for opening following announcements by the US and Iran that the blockades on the waterway crucial to the global economy was being lifted.After US President Donald Trump said on Tuesday evening he was pausing the blockade to see if an agreement with Iran can be reached, Iran’s military, the Islamic Revolutionary Guard Corps (IRGC), said on Wednesday that it would allow ships to pass the Strait of Hormuz.It claimed that …
Mumbai, May 4 (IANS) Global crude oil prices declined almost 3 per cent on Monday after US President Donald Trump said Washington would take steps to help clear vessels stranded in the Strait of Hormuz, though the lack of a breakthrough in US-Iran talks kept prices above the $100-mark.International benchmark Brent crude slipped 66 cents or 0.61 per cent to $107.51 per barrel, while US West Texas Intermediate (WTI) fell $2.83 or 2.77 per cent to $99.11 a barrel.On the domestic front, crude oil fu…
Washington, May 3 (IANS) US President Donald Trump said that he has been briefed on the concept of a potential agreement with Iran, but is awaiting the final wording before making any decision — while cautioning that military action remains on the table if Tehran misbehaves.Speaking to reporters before boarding a flight to Miami from West Palm Beach, Florida, Trump said: “They told me about the concept of the deal. They’re going to give me the exact wording now.”His remarks come amid …