US President Donald Trump has predicted that the war with Iran will end very soon and energy prices will fall rapidly, but he has not provided a timeline or details of a possible agreement with Tehran.
Muscat: Five Indian nationals aboard the Kuwait-flagged tanker MT Kazimah III were safely rescued after the vessel was struck by a projectile in the Strait of Hormuz, the Ministry of External Affairs (MEA) said on Saturday. The MEA confirmed that all five Indian nationals were rescued and shifted ashore safely. Indian nationals rescued after tanker struck.
Disruption to Gulf energy infrastructure poses strategic and economic risks for India and highlights the need for a more diversified and resilient energy strategy. The report from India Narrative called for alternative supply routes, increase in reserves and renewable energy. Alternative ports, pipelines, storage facilities and maritime corridors can reduce exposure to any single choke.
US President Donald Trump says Iran wants the Strait of Hormuz reopened immediately amid financial pressure, as Tehran awaits a formal US response to its proposal.
The Iran-Israel-US war and the intensifying Russia Ukraine conflict are simultaneously disrupting some of the world’s most important routes for oil, grain and fertiliser, raising concerns over a wider food and fuel supply shock. The disruption in the Strait of Hormuz, which typically carries about a fifth of global oil and gas supplies, is unfolding.
Brent crude slipped towards $105.6 a barrel amid reports of a possible phased US-Iran agreement that could reopen the Strait of Hormuz and ease supply concerns.
Recently, the world has suddenly seen the flames of war ignite, with both Russia and the United States wishing for peace. Parliamentary elections are underway in Russia. The results are now coming in. Vladimir Putin’s party, United Russia, is expected to once again win a majority of seats in the Duma, the lower house of.
Iran has said it could reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade on Iranian ports.
Two crew members were injured after a tanker was struck by an unknown projectile while transiting the Strait of Hormuz, with authorities investigating the incident.
Iran has ruled out reopening the Strait of Hormuz or returning to the previous framework of negotiations with the United States until Washington meets Tehran’s conditions, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said, as tensions between the two countries continue to escalate.
