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Prime Minister Narendra Modi’s upcoming visit to the United Arab Emirates will prioritise strengthening India’s energy security and deepening strategic cooperation, the Ministry of External Affairs said on Tuesday, as escalating tensions in West Asia continue to disrupt global oil supply chains and shipping routes. “Modi’s UAE visit priority is to strengthen energy supplies,” MEA…
New Delhi23 minutes ago copy link Retail inflation in April has increased to 3.48%. Earlier in March it was 3.40%. These figures have been released today on May 12. This increase in inflation has happened at a time when tension between America and Iran has increased. If this tension continues for a long time, inflation…
President Donald Trump warned the ceasefire in the Middle East war was on “life support” Monday after rejecting the latest counteroffer from Iran, which said its military stood ready to respond to any act of aggression. The president’s angry reaction to Iran’s position — delivered in response to a US proposal — sent oil prices…
The US military on Thursday carried out strikes on Iran’s Qeshm port and Bandar Abbas, a Fox News reporter said in a post on X, citing a senior US official. The official said the strikes do not mean a restarting of the war or an end to the ceasefire announced on April 7, according to…
The US Department of Justice (DOJ) is looking into several questionable oil market transactions that occurred just before significant pronouncements about the Iran war, ABC News reported on Monday. According to the report, which cited sources, the DOJ and the Commodity Futures Trading Commission (CFTC) are looking into at least four transactions in which investors…
Liquor manufacturing companies have demanded state governments to increase the prices of liquor, beer and wine. Companies say that the supply chain has been affected due to the ongoing war between Iran and America. Due to this, the cost of glass bottles, aluminum cans and packaging materials has increased significantly. Major organizations of the liquor…
US President Donald Trump said Wednesday he believed a deal with Iran was “very possible”, but threatened to resume his bombardment of the country if negotiations fell apart. Despite the US leader’s optimism, Iran has yet to respond to a new US proposal, with its chief negotiator warning that Washington was seeking to force the…
A senior Iranian official warned on Monday that Tehran would consider any US attempt to interfere in the Strait of Hormuz a breach of the ceasefire. “Any American interference in the new maritime regime of the Strait of Hormuz will be considered a violation of the ceasefire,” Ebrahim Azizi, head of the national security commission…
Maximo Torero, chief economist of the United Nations (UN) organization FAO, has warned that the world is moving towards a major food crisis. He said that the supply of fertilizer has been badly affected due to the closure of Hormuz. Since the start of the war, the supply of fertilizer has almost stopped, due to…
Tel Aviv/Tehran/Washington DC19 minutes ago copy link Inset- Picture of Trump and Iranian Supreme Leader Mojtaba Khamenei. It has been two months since the war against Iran started, but no clear end is yet in sight. US President Donald Trump had called it a short and decisive battle, but now the situation seems to be…