New Delhi: The Ministry of External Affairs (MEA) on Thursday strongly condemned the attack on an Indian-flagged cargo vessel off the coast of Oman, describing the incident as “unacceptable” and expressing concern over continued attacks on commercial shipping and civilian mariners in the region. According to reports, the Gujarat-owned cargo ship MSV Haji Ali sank.
Earlier on Friday, the Consulate General of India in Dubai had also confirmed the incident through a post on X, expressing grief over the death of the Indian crew member.
Mumbai: Global stock markets opened lower on Tuesday as renewed geopolitical tensions in the Strait of Hormuz dampened investor sentiment and triggered risk-off trading across major indices. Oil Prices Spike on Supply Fears Crude oil prices surged to around USD 113 per barrel as fears of supply disruptions in the key Middle East shipping route.
Terrible wars have devastating effects. Death and destruction are not only unleashed, but supply chains are also disrupted. The economic structure of even those countries unconnected with the war collapses. The ongoing standoff between the United States and Iran has reached May, but the Strait of Hormuz remains locked between the two countries. The supply.