A senior adviser to Iran’s Supreme Leader Mojtaba Khamenie has asserted that Tehran holds the legal right to manage the Strait of Hormuz, one of the world’s most strategically important oil shipping r...
The United States and Iran are close to signing a proposed agreement that would extend the current ceasefire for 60 days, reopen the Strait of Hormuz and allow Iran to resume oil exports while negotia...
Donald Trump and Mojtaba Khamenei (R) US President Donald Trump on Sunday claimed that the United States and Iran have “largely negotiated” a broader agreement that could reopen the Strait of Hormuz a...
Venezuela has emerged as India’s third-largest crude oil supplier so far in May, overtaking Saudi Arabia and the United States, as Indian refiners increased purchases of cheaper heavy crude amid disru...
NEW DELHI: In the past 24 hours, two India-bound ships carrying LPG crossed the Strait of Hormuz, taking the total number of such vessels to 13. The two ships are foreign-flagged vessels.Officials sai...
Oil pipelines across the globe are running dry, depleting at an unprecedented rate as the ongoing Iran war severely disrupts crude flows from the Persian Gulf, rapidly eroding the buffer that usually ...
The world’s busiest oil supply passage is in a chokehold, and the ripple effects are being felt across nearly every corner of the globe. The pressure is already showing up everywhere: at petrol statio...
Iran and the US are discussing a temporary framework that could pause hostilities, reopen the Strait of Hormuz to commercial traffic and create space for broader negotiations on Tehran’s nuclear progr...
US President Donald Trump on Thursday claimed that three American naval destroyers came under fire while transiting through the Strait of Hormuz, but suffered no damage during the incident. He also wa...
NEW DELHI: The Strait of Hormuz remains technically open, but commercial shipping is far from normal, according to Anil Devli, chief executive of the Mumbai-based Indian National Shipowners’ Associati...