Representative image (AI) US and Iran mediators are now engaged in high-stakes negotiations aimed at ending the conflict, despite a fragile ceasefire in place and months of turmoil in the Middle East triggered by Donald Trump’s ambitious military campaign launched on February 28.The possible truce plan includes key bargaining points between the two sides, including … Read more
Every major oil shock has left a mark on India, sometimes through inflation, sometimes through foreign exchange pressure, and occasionally through wider economic change. The country’s 1991 balance-of-payments crisis unfolded against a backdrop of rising oil prices. High crude costs later pushed difficult conversations around subsidies, fuel deregulation and energy security. More recently, shifts in … Read more
Tehran’s latest peace proposal to the United States involves ending hostilities on all fronts, including Lebanon, the exit of US forces from areas close to Iran, and reparations for destruction caused by the US-Israeli war, state media reported on Tuesday. In Tehran’s first comments on the proposal, Deputy Foreign Minister Kazem Gharibabadi said Tehran also … Read more
Strait of Hormuz crisis: US blockade continues despite ceasefire extension with Iran (AI image) The second round of talks between Iran and the US have remained stillborn. The situation remains frozen, though the ceasefire remains in place but Iran has effectively closed the Strait of Hormuz while the US in retaliation has established a naval … Read more
Oil prices edged lower on Wednesday after an early rise in Asian trade, as investors assessed uncertainty around US-Iran peace talks following Washington’s decision to extend the ceasefire.Brent crude futures fell 21 cents, or 0.2%, to $98.27 a barrel at 0039 GMT, after earlier touching $99.38.US West Texas Intermediate (WTI) crude dropped 28 cents, or … Read more
Amid the US blockade in the Strait of Hormuz, Iran is relying on a fleet of small, fast attack boats, often described as “mosquito boats”, to project power and threaten shipping in the Strait of Hormuz, even as its larger warships suffered heavy losses in recent US and Israeli strikes, a New York Times report … Read more
Just a day before the US and Indonesia were to sign a major defence deal on April 13, a classified document on a secret plan that would give American military jets blanket access to Indonesian airspace was leaked by an Indian media outlet. Such an access would have given the US greater ability to keep … Read more
Strait of Hormuz (AP image) The Strait of Hormuz, which links the Gulf of Oman with the Persian Gulf, has become the focal point of global energy tensions since the war began on February 28.Ever since Iran and the US announced a two-week ceasefire, traffic through the critical waterway has remained severely restricted, with as … Read more
US President Donald Trump on Thursday said oil would begin flowing very quickly, with or without the help of Iran, escalating rhetoric around energy routes and tensions in the Gulf, while offering no details on how that would be achieved. In a post on Truth Social, Trump asserted that “very quickly, you’ll see Oil start … Read more
Helium isn’t something most people think about, unless you’re in a lab, running an MRI, building chips, or inhaling it for that squeaky balloon voice. But what if the world suddenly runs out of this invisible gas? As exaggerating as the question may sound, it’s exactly what’s raising concerns right now. As tensions in the … Read more