Japan mulls releasing oil reserves to respond to increasing prices: Reports

In a post by the White House, President Trump, while acknowledging that the United States is currently the world's leading oil producer and stands to benefit financially from higher crude prices, emphasised that his administration's overriding mission remains the permanent dismantling of Iran's nuclear program.

Sibal argued that the US is unlikely to risk a naval operation to forcibly "reopen" the Strait of Hormuz as the deep-water channel necessary for large vessels lies within Iranian territorial waters. Iran does not need sophisticated long-range missiles to defend this corridor; short-range missiles, torpedoes, and mines can easily sink high-value naval assets.

Speaking to journalists, Silveira said the country's fuel supply remains stable and the government is closely monitoring developments in the international oil market as well as domestic price movements.

An Indian crew member was killed after the US-owned tanker Safesea Vishnu was attacked by an explosive-laden speedboat near Basra, Iraq. India confirmed that 15 other Indian sailors were successfully evacuated and are receiving diplomatic assistance as regional maritime security challenges continue to escalate.

An Indian crew member was killed after the US-owned tanker Safesea Vishnu was attacked near Basra, Iraq, on March 11. The Indian Embassy in Baghdad confirmed that 15 other Indian sailors were successfully evacuated and are receiving assistance as regional maritime tensions continue to escalate.