The world, and India, today are in the grip of a mounting crisis. All because of a waterway that is just 20 nautical miles wide. The Strait of Hormuz is today on the lips of the entire globe as countries face a growing shortage of oil and gas, most of which are transported through this…
Indian exporters and logistics providers are scrambling to limit disruptions from the worsening Middle East conflict by closely tracking shipping carriers, planning consignments earlier and exploring alternate routes, even as freight rates, insurance premiums and transit times rise sharply amid uncertainty around the Strait of Hormuz.The main response from the exporting community has been defensive…
Iran’s president and foreign minister were among the senior officials who joined thousands of people marching through downtown Tehran on Friday, showing defiance as U.S.-Israeli airstrikes continued, sending up plumes of smoke not far from a crowd according to videos posted online. Iran marks “Quds [Jerusalem] Day” on the final Friday of the Muslim holy…
Commercial vessels are pictured offshore in Dubai on March 11, 2026. AFP | Getty Images Three more foreign ships were struck in the Persian Gulf overnight, authorities said, as attacks intensify on vessels sailing through or near the strategically vital Strait of Hormuz. The latest incidents come after three separate vessels sustained damage in Gulf…
Brent crude briefly climbed close to $120 per barrel on March 9, 2026 before retreating. On March 11, while West Texas Intermediate crude traded near $88.6 per barrel. Brent is currently hovering around $88–$90 after briefly dropping below $80 earlier this week. The declining prices follows the International Energy Agency (IEA)’s consideration of the largest…
Naval units from Iran and Russia carry out to simulation of rescue a hijacked vessel during the joint naval drills held at the Port of Bandar Abbas near the Strait of Hormuz in Hormozgan, Iran on February 19, 2026. Anadolu | Anadolu | Getty Images Three vessels off Iran’s coast have been struck by projectiles,…
US President Donald Trump said the ongoing war against Iran is “very complete” and indicated that the US is considering taking control of the Strait of Hormuz, a vital global oil shipping route, as tensions in West Asia continue to escalate. According to a report by CBS News, Trump suggested that the…
A support vessel maneuvers near the crude oil tanker ‘Devon’ as it sails through the Persian Gulf towards Kharq Island oil terminal to transport crude oil to export markets in Bandar Abbas, Iran, on Mar. 23, 2018. Ali Mohammadi | Bloomberg | Getty Images Iran’s Kharg Island, a small but strategically vital strip of land…
The conflict in the Middle East is rapidly expanding across the region as the U.S. and Israel-led war with Iran enters its sixth day. Images published Thursday showed destruction across Tehran after nearly a week of strikes on Iran’s capital. Iran has retaliated by launching a wave of missiles and drones at Israel, as well…
Commercial ships anchor off the coast of the United Arab Emirates due to navigation disruptions in the Strait of Hormuz, Dubai on March 2, 2026. Stringer | Anadolu | Getty Images Oil supertanker costs in the Middle East climbed to their highest level on record as conflict between the U.S. and Iran disrupts shipping through…