Jerusalem, June 20 (IANS) Israeli Prime Minister Benjamin Netanyahu and Defence Minister Israel Katz have ordered the military to cease fire in Lebanon, local media reported on Saturday.However, the Israeli military did not withdraw from the territories they hold in southern Lebanon, Xinhua news agency reported.Earlier on Saturday, Iran announced the closure of the Strait of Hormuz once again, citing alleged violations of the Memorandum of Understanding (MoU) by the US and Israel.Just days after…
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Tehran, June 20 (IANS) Iran on Saturday announced the closure of the Strait of Hormuz once again, citing alleged violations of the Memorandum of Understanding (MoU) by the US and Israel, local media reported.Just days after announcing an agreement lifting naval blockades, Iran’s top joint military command, Khatam al-Anbiya Central Headquarters, said the closure comes in response to the “explicit breach” of the first clause of the post-war MoU by the US and Israel and “ongoing violations”…
Mumbai, June 20 (IANS) The Indian equity benchmarks posted second consecutive week of strong gains, over investor optimism about improved geopolitical situation following the US-Iran peace agreement, and decline in Brent crude prices.Nifty added 1.65 per cent during the week and lost 0.64 per cent on the last trading day to reach 24,013. At close, Sensex was down 607 points or 0.78 per cent at 76,802. It added 1.69 per cent during the week.Domestic markets witnessed consolidation on the last tra…
New Delhi, June 20 (IANS) Nearly 80 million barrels of crude oil are ready to transit the Strait of Hormuz if a tentative US‑Iran deal leads to a sustained reopening of the vital shipping corridor.About 40 very large crude carriers (VLCCs), loaded with non‑sanctioned Gulf crude, are currently stationed inside the Persian Gulf. Apart from them, Iranian oil and smaller tankers are also positioned in this area, making the true volume of supply waiting much higher, multiple reports said, citing …
New Delhi, June 19 (IANS) Congress MP Shashi Tharoor on Friday stated that for the US-Iran peace deal to sustain, both sides should feel that “they have won”, while highlighting that apart from Tehran and Washington, the deal comes as a relief for all those nations, including India, who were reeling with the impact of the West Asia crisis.During an exclusive interaction with IANS, Tharoor also raised questions on the viability of having 850 MPs in the Lok Sabha if the Constitution (131st Amendme…
Bern, June 19 (IANS) The planned talks between the US, Iran, Qatar and Pakistan have been postponed, Switzerland’s Federal Department of Foreign Affairs announced on Friday, while expressing readiness to facilitate these talks. In a statement, Switzerland’s Federal Department of Foreign Affairs stated, “The Planned talks between the US, Iran, Qatar and Pakistan have been postponed. Switzerland remains ready to facilitate these talks. The relevant preparatory work at Burgenstock is continuing. No…
Washington, June 19 (IANS) Two senior US senators from opposing political parties have urged the Trump administration to take stronger action against what they described as China’s continued currency manipulation, arguing that Beijing’s policies are distorting global trade and hurting American workers and manufacturers.In a letter sent to Treasury Secretary Scott Bessent following this week’s G7 summit in Evian, France, Democratic Senator Elizabeth Warren and Republican Senator Rick Scott called…
New Delhi, June 18 (IANS) The signing of the US‑Iran Memorandum of Understanding is a significant breakthrough that will reshape global trade dynamics and provide a macro‑economic breather for India’s export‑import community acting as a “logistical game-changer”, industry body FIEO said on Thursday.The conflict in West Asia suppressed India’s trade volume particularly with the Middle East and the US-Iran pact is expected to unlock pent‑up consumer and industrial demand, said S C Ralh…
Moscow, June 18 (IANS) Russian air defence forces have shot down approximately 180 UAVs as Moscow continues to tackle a massive drone attack from Ukraine, the local media reported on Thursday.Moscow’s Mayor Sergei Sobyanin stated that it is the largest drone attack on the Russian capital in the last two years, the country’s state-owned Tass media reported.”The air defence’s work continues,” the Mayor emphasised. An oil refinery in the Kapotnya district was also attacked by several drones. The …
New Delhi, June 14 (IANS) The Quad has once again demonstrated its resilience despite recurring speculation about its future, with a recent report arguing that “the Quad is likely to remain central to regional strategy, with India as a key partner” amid evolving geopolitical dynamics in the Indo-Pacific.According to report published by Modern Diplomacy, the recent Quad Foreign Ministers’ meeting in New Delhi underscored the grouping’s continued relevance and strategic importance, even as…