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PERSIAN GULF AVIATION CRISIS
US Treasury chief Bessent vows to tap Iran funds for its damage on Gulf alliesMinority shareholders of Jindal Poly Films Limited face a setback. Their class action remedy was reportedly moved to private arbitration wi...
Market wrap: Sensex falls 151 points, Nifty closes below 23,200; Infosys, Adani Ports among top losersIndian stock markets faced sharp movements on Thursday, closing lower. The Sensex and Nifty declined as rising Iran-US conflict spooked inv...
Ten reasons oil is still below $100 a barrelGlobal oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...
Saudi Arabia lifts 5-year ban on Lebanese imports, marking a thaw in Gulf-Lebanon tiesAfter a five-year hiatus, Saudi Arabia is reopening its market to Lebanese imports, a decision that stemmed from previous drug smuggling ap...
The world's oil piggy bank is being smashed open. What can go wrong?Global oil inventories are plummeting to multi-decade lows, exacerbated by Middle Eastern supply disruptions and the rapid depletion of str...
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...
CMA CGM chief says 'unwise' to assume Hormuz will return to pre-war situationThe head of French shipping giant CMA CGM believes the Strait of Hormuz will not return to its previous state. The company is adapting to o...
Iran says Gulf nations have 'responsibility' to halt US, Israeli strikesIran's foreign ministry warned Wednesday that its neighbours in the Gulf had a "legal and moral responsibility" to prevent American and Isr...
From trickle to torrent: Hormuz reopening may trigger a global oil floodThe reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...
Kuwait intercepts 'hostile' missile, drone attacks days after fatal airport strikeKuwaiti air defenses are actively intercepting hostile missile and drone attacks, following a recent drone strike that killed an Indian nat...
India set to implement 2-3 more FTAs in six months, says commerce minister Piyush GoyalIndia is set to implement at least two to three more free trade agreements within the next six months, with an additional three to four sig...
The Iran war is pushing the global gas trade into the shadowsAs the Strait of Hormuz remains under Iranian control amid the ongoing West Asia conflict, Qatar has quietly resumed some LNG exports by ad...
Iran's IRGC says 28 ships passed through Strait of Hormuz in the last 24 hoursIran's IRGC reports 28 ships transited the Strait of Hormuz under its security. The IRGC states the Persian Gulf's insecurity stems from US...
US seized $1 billion in Iranian crypto, Scott Bessent says; claims Tehran facing financial crisisUS Treasury Secretary Scott Bessent announced the seizure of approximately $1 billion in Iranian cryptocurrency assets as part of "Operatio...
Merchant ships desert Strait of Hormuz amid renewed US strikesCommercial shipping traffic through the Strait of Hormuz nearly came to a halt on Thursday as fears of renewed military escalation between ...
US adds Persian Gulf Strait Authority to sanctions list, Treasury website showsThe US has imposed new Iran sanctions, targeting the Persian Gulf Strait Authority, responsible for managing passage through the vital Stra...
ADNOC LNG tanker heads to India as gas shipments resume through Strait of HormuzA liquefied natural gas tanker from Abu Dhabi has exited the Strait of Hormuz. This marks an increase in energy shipments through the cruci...