hinese President Xi Jinping and Russian President Vladimir Putin on Wednesday strongly opposed the ongoing US-Israel military actions against Iran and warned that disruptions to shipping routes in the Strait of Hormuz could seriously affect global trade. The remarks came after day-long talks between the two leaders in Beijing. In a joint statement issued after Read More…
Alleged fuel shortage across Odisha has disrupted normal life in several parts of the state, with daily wage earners, gig workers, fishermen and transport operators among the worst affected. Long queues were seen outside petrol pumps in many districts as panic buying intensified fears of a fuel crisis. Several commuters and workers complained that they Read More…
In response to rising economic pressure linked to the West Asia conflict, the Central government has raised import duties on gold and silver to 15 per cent in an effort to curb overseas purchases and conserve foreign exchange reserves. Officials stated that the revised tariff includes higher customs duty and additional cess charges aimed at Read More…
Fuel prices in India may witness an increase as oil companies are considering a hike following the continuing conflict in West Asia. According to reports, petrol and diesel prices could rise by up to Rs 5 per litre. Oil companies have cited disruptions in fuel supply through the Strait of Hormuz and rising global tensions Read More…
New Delhi: Amid continuing tensions in the region, Indian vessels have begun crossing the Strait of Hormuz, according to reports, a day after Iranian forces allegedly opened fire near ships anchored off the Oman coast. Sources said an Indian-flagged vessel became the tenth ship to successfully pass through the strategic waterway. However, two Indian tankers Read More…
New Delhi: India has lodged a strong protest with Iran following reports that Iranian forces opened fire on vessels, including Indian ships, after the closure of the Strait of Hormuz. According to reports, the Ministry of External Affairs summoned the Iranian Ambassador over the incident involving firing at an Indian vessel. The ships were reportedly Read More…
New Delhi: The Centre has intensified efforts to ensure adequate cooking gas supply, stepping up the sale of smaller LPG cylinders amid concerns linked to the Strait of Hormuz situation. According to the Ministry of Petroleum and Natural Gas, around 6.6 lakh 5-kg LPG cylinders have been sold across the country since March 23 to Read More…
US President Donald Trump has warned Iran to reopen the Strait of Hormuz within 48 hours. He said the US could target Iran’s energy facilities if the route is not reopened. Iran responded strongly. It warned that it could strike US-linked energy, technology, and water facilities in the Middle East. The situation has raised global Read More…