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New Delhi: Oil uncertainty exacerbated by the blockage of the Strait of Hormuz, the maritime choke point through which nearly one-fifth of the world’s petroleum needs are fulfilled, has spurred momentum in the demand for electric cars, the International Energy Agency said in its yearly Global EV Outlook report. The agency projected that electric cars…
Last Updated:May 27, 2026, 02:09 IST As per analysts, even if Washington and Tehran reach an agreement and maritime traffic resumes normally, the structural damage caused by the conflict could take years to reverse. On Tuesday, Brent crude was trading around $96.50 per barrel, extending gains as concerns over long-term supply disruptions continued to dominate…
Brent crude futures rose nearly 2% in early Asian trade on Tuesday after the U.S. military carried out strikes in southern Iran in what it described as defensive actions, keeping markets on edge as a deal to end the war eludes both sides. Brent futures climbed $1.40, or 1.5%, to $97.56 a barrel as of…
The US military carried out what it described as “self-defence strikes” in southern Iran on Monday, targeting missile launch sites and Iranian vessels near the Strait of Hormuz, according to US Central Command (CENTCOM). “US forces conducted self-defence strikes in southern Iran today to protect our troops from threats posed by Iranian forces,” CENTCOM spokesperson…
Last Updated:May 26, 2026, 02:35 IST The reports come amid heightened regional tensions and ongoing diplomatic negotiations aimed at ending the broader West Asia conflict. The IRGC-affiliated outlet said similar explosion-like sounds were also reported near the coastal towns of Sirik and Jask, both strategically positioned along the Gulf of Oman and close to the…
US President Donald Trump on Sunday said Washington would not rush into a peace agreement with Iran, signalling that key disputes remain unresolved despite recent optimism over negotiations aimed at ending the three-month conflict in the Gulf region. US President Donald Trump also strongly defended his administration’s ongoing negotiations with Iran, saying the proposed agreement…
Last Updated:May 24, 2026, 5:11 PM IST The reported agreement between the US and Iran includes a 60-day ceasefire extension, during which the Strait of Hormuz would be reopened. Iran said shipping through the Strait of Hormuz would resume in 30 days. (Reuters/File Image) The United States and Iran are reportedly moving closer to striking…
US President Donald Trump claimed that the agreement to end the Iran war is ‘almost final’. The final details are still being worked out between the two countries. This agreement is being finalized after talks with the leaders of Gulf countries and the Israeli Prime Minister. Trump said that the Strait of Hormuz would be…
New Delhi: US President Donald Trump on Sunday said a peace deal with Iran has been “largely negotiated” after calls with Israel and other allies in the region – potentially paving the way for an end to the three-month-long war. According to Trump, the final details of the deal are being discussed before a formal…
US President Donald Trump on Sunday said Washington and Tehran were close to finalising a broad agreement aimed at easing regional tensions, adding that the Strait of Hormuz would reopen as part of the proposed understanding. In a post on Truth Social, Trump said the agreement had been “largely negotiated” and that only the final…