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SHIPPING INTERRUPTION RED SEA
Strait of Hormuz closure must end within weeks or global economy will suffer, IEA chief warnsGlobal economic headwinds could emerge if Strait of Hormuz disruptions continue for weeks. Financial markets show anxiety over escalating c...
Some ships refusing US-military guided Hormuz transits after attacks, sources sayShipping firms are avoiding a U.S. military transit route through the Strait of Hormuz. This avoidance stems from recent Iranian attacks on...
Saudi, Houthis edge towards war as Middle East conflict spills overSaudi Arabia and Yemen's Houthis are nearing renewed conflict after recent attacks. Houthi fighters claimed large-scale strikes on Saudi Ar...
Crude shipments from Saudi Arabia's Yanbu port near maximum levels amid Houthi tensionsSaudi Arabia is maximizing oil exports through its Yanbu port this week. Increased loadings at Yanbu reflect rising tensions with Yemen's H...
India can find alternative sources for crude, but LPG at risk: ExecutivesIndustry executives said India should be able to source alternative crude and LNG supplies, albeit at higher prices. LPG supplies, however,...
After Hormuz, Iran turns to Red Sea gateway as new pressure pointIran is signaling potential closure of the Bab el-Mandeb Strait via its Houthi allies. This move risks disrupting global trade and vital en...
Hormuz turmoil sends gold lower, disrupts India's tea and basmati exportsGulf hostilities impacting the Strait of Hormuz have disrupted Indian commodity markets. Gold and silver prices have fallen sharply, while ...
Watch how US deploys sea drones in combat for first time as Iran conflict enters dangerous new phase: What are these unmanned attack boats?America has deployed one-way attack sea drones in combat for the first time. These unmanned vessels struck an Iranian naval facility at Ban...
Oil climbs to one-month high as US, Iran step up attacks in Strait of HormuzOil prices climbed to a four-week high on Tuesday. The United States reinstated its naval blockade of Iran. Two United Arab Emirates tanker...
Some ships still crossing Strait of Hormuz despite security threatA small number of vessels crossed the Strait of Hormuz on Sunday, despite the heightened security threats as Tehran and Washington battle f...
Wheat soars as Ukraine attacks on Russia seen as export riskWhile it’s not yet known if Russia’s grain flows were impacted, prices for wheat gained as much as 4.8%, the most since mid-May.
INS Sudarshini arrives at Boston for SAIL Boston 250 celebrationsIndian Naval Ship Sudarshini arrived in Boston for Sail Boston 250. The ship entered the historic port flying the Indian flag. Consul Gener...
Global headwinds, resilient MSMEs: India’s ECLGS 5.0 responseThe real significance of ECLGS 5.0 lies not merely in the credit it provides but in what the credit protects.
Gulf companies are set to reveal the unequal toll of Iran warGulf companies will reveal the regional financial impact of the conflict this week. Banks and real estate sectors face challenges due to in...
Container carriers eye return to Red Sea routeVessels will now use the shorter route instead of going around Africa. This shift impacts shipping rates and capacity as demand rises.
British military says cargo ship reports being under attack in the Red Sea off the coast of YemenA cargo ship faced an attack Sunday off Yemen's coast in the Red Sea, near Hodeida. Unknown assailants targeted the vessel, prompting an in...
Houthis kill 14 Yemen government troops in deadliest attack in yearsYemen's Houthi rebels launched a deadly assault south of Hodeidah, killing 14 government troops and injuring 23 in fierce fighting. The Ira...