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RED SEA CORRIDOR
Strait of Hormuz traffic sees sharp uptick but not back to normalStrait of Hormuz traffic has increased sharply, but remains at roughly half its peacetime level, officials said on Thursday as stranded sai...- Hormuz halt forces Middle East trade into huge rewiringA year after a US-Israel and Iran conflict, Siemens Energy explored alternative routes to Dammam, Saudi Arabia, due to potential Strait of ...
- A history of Iran's nuclear programme and tensions with the US as an interim deal is reachedA landmark interim deal between the United States and Iran aims to end a protracted war and reopen the vital Strait of Hormuz. This agreeme...
- India-Oman trade pact to open huge export opportunities for labour-intensive sectors: ExpertsIndia and Oman's new trade pact unlocks significant export potential for sectors like textiles, gems, and marine products. This agreement a...
- What is the US Fifth Fleet, America’s backbone in the Middle East and why is it under Iran’s attack?Iran's IRGC claimed to have targeted the US Navy's Fifth Fleet headquarters in Bahrain amidst escalating tensions. This naval command, cruc...
- Iranian official claims 'first' victory over US, says 'ball in Trump's court' to release $24 billion of assets for breaking deadlockA senior Iranian adviser said Tehran views the recent conflict with the US as its first military victory and stated that talks remain stall...
- Narrow the Gulf for Delhi: Conversation on derisking the future from Hormuz is good news for IndiaThe West Asia crisis presents India a chance to regain global influence. Discussions are underway to secure trade routes beyond the Strait ...
- 'I don't care if negotiations with Iran are over': Trump dismisses Hormuz oil concernsUS President Donald Trump stated he is unconcerned if talks with Iran end. He also shrugged off worries about oil prices even if Tehran blo...
- Iran suspends indirect US contacts, threatens wider pressure on key shipping routesIran has halted communication with the US through mediators. This action follows attacks on Lebanon. Iran and its allies plan to block the ...
- A shadowy Oman-Iran plot provoked Trump’s “blow ’em up” threatUS President Donald Trump has sent a stark message to the Sultanate of Oman, warning of potential military repercussions should it move for...
- Insurance cos expand war-risk cover in UAE as tensions riseWar-risk insurance is now available for everyday consumers in the UAE. Insurers are offering new policies for cars, cargo, and travel. This...
- AI boom masks rising global energy risks, warns David RocheMarket veterans warn investors may be underestimating the long-term economic fallout from the Middle East energy crisis. While AI spending ...
- Trump administration sows confusion as it tries to reopen Strait of HormuzThe Trump administration's approach to the Iran war has been marked by conflicting statements. Initially, a ceasefire was declared, followe...
- EU considers helping with Mideast energy infrastructure to bypass conflict zonesEurope faces a severe fuel crisis and soaring energy costs due to the Iran war. The European Union is now exploring new energy routes in th...
- Pharma exports fall to five-year low in March amid West Asia crisisIndia's pharma exports saw a sharp 23.17% fall in March. The West Asia war disrupted shipping routes and air transit hubs. This led to incr...
- What is Bab el-Mandeb? The critical trade route Iran threatens to shut downThe Iran Red Sea trade threat has intensified sharply, with tanker traffic through the Strait of Hormuz falling below 10% of its normal dai...
- Despite Trump's naval blockade, Iran has not run out of cardsIran warns it could block vital shipping lanes including the Persian Gulf, Sea of Oman, and Red Sea. This move escalates tensions with the ...
- Oil prices in for more shock - what could happen if the Houthis of Yemen close the Bab al-Mandeb Strait?Oil prices in for more shock — what happens if Yemen’s Houthis close the Bab el-Mandeb Strait? The Bab el-Mandeb Strait sits between Yemen,...
- Budget 2024: India’s logistics sector eyes multimodal boost to combat Red Sea disruptionsAs India’s logistics sector braces for the 2024 budget, industry leaders highlight a crucial need to enhance multimodal networks and inland...
- India says Red Sea attacks add urgency to Middle East trade routeIndia's ambassador to the UAE, Sunjay Sudhir, highlighted the need for an alternate trade route due to the volatile situation in the Red Se...
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