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Crude linked sectors, basmati rice will be impacted if Middle East crisis
Updated : 1 week, 1 day ago IST
Crude-linked sectors such as downstream oil refiners, tyres, paints, speciality chemicals, flexible packaging and synthetic textiles may also be affected if energy prices remain elevated. India imports around 85 per cent of its crude oil and half of its LNG requirement, with about 40-50 per
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Iran conflict raises risks for India as Strait of Hormuz disruptions threa
Updated : 1 week, 1 day ago IST
Escalating tensions due to the West-Asia conflict involving Iran have heightened risks to global energy supply chains, particularly around the strategic Strait of Hormuz, raising concerns for major Asian importers, including India, according to a report by Goldman Sachs.
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Qatar Energy declares force majeure; halts LNG production
Updated : 1 week, 2 days ago IST
This move comes amid escalating tensions in West Asia and after its energy infrastructure was targeted, including the Strait of Hormuz, a critical oil shipping route, which is currently under threat.
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"Current environment is very fragile; geopolitical risk re-emerged": Kotak
Updated : 1 week, 2 days ago IST
Sumit Pokharna, VP-Fundamental Research at Kotak Securities, says the situation is "very fragile" and could persist for weeks.
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Tamil Nadu unveils Shipbuilding Policy 2026 to build robust maritime ecosy
Updated : 1 week, 2 days ago IST
The policy was unveiled by the Tamil Nadu Chief Minister, MK Stalin, during which other state projects and MoUs were also unveiled, including an agreement with MRF Tyres to establish a new tyre manufacturing facility at the State Industries Promotion Corporation of Tamil Nadu (SIPCOT), Il
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Iranian diplomats in Sri Lanka demand explanation on sinking ship
Updated : 1 week, 2 days ago IST
At the moment, the Sri Lankan government has not issued any statement about the potential causes.
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Taiwan detects 5 Chinese vessels, ship around itself
Updated : 1 week, 2 days ago IST
Taiwan's defence forces monitored the situation and responded.
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Sri Lanka Navy rescues 30 sailors from Iranian naval ship "IRIS Dena"
Updated : 1 week, 2 days ago IST
The Morning also reported that Sri Lankan Foreign Affairs Minister Vijitha Herath confirmed that the rescued sailors are being brought to Karapitiya Hospital for medical attention.
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MoPSW sets up quick response team for seafarers amid Persian Gulf security
Updated : 1 week, 2 days ago IST
In an official release, the Ministry said the initiative aims to ensure timely assistance, coordination, and welfare support for Indian seafarers operating in the region.
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Iran's IRGC claims control of Strait of Hormuz, warns ships of risk from m
Updated : 1 week, 2 days ago IST
Islamic Revolutionary Guard Corps has claimed that they control the Strait of Hormuz, a vital shipping route for oil and gas.
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Trump orders maritime insurance to safeguard Gulf shipping, says US will "
Updated : 1 week, 3 days ago IST
"If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz as soon as possible. No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States' ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH - More actions t
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Union Minister Sarbananda Sonowal chairs key meet to assess security of se
Updated : 1 week, 3 days ago IST
The Ministry of Ports, Shipping and Waterways (MoPSW) is closely monitoring the evolving maritime security situation in the Persian Gulf and has strengthened precautionary measures to safeguard Indian-flagged vessels and Indian seafarers operating in the region.
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