US President Donald Trump suggested a temporary waiver of certain oil sanctions to curb soaring energy prices. He noted the US Navy could escort tankers through the Strait of Hormuz if necessary. This follows recent Treasury sanctions on Iran's "shadow fleet" used to fund military program
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.
"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
"The Embassy of India expresses its deepest condolences on the tragic demise of an Indian national on board MKD Vyom. The Embassy is in close coordination with the local authorities in Oman to facilitate the safe and early repatriation of our nationals on board the vessel. We remain commi
French and Belgian forces intercepted a "shadow fleet" oil tanker in the North Sea to enforce sanctions against Russia. Following a helicopter-assisted boarding by special forces, the vessel is being escorted to Zeebrugge for seizure, aiming to cut off funding for the war in Ukraine.
Following the reported deaths of Iran's Supreme Leader and top military chiefs in US-Israeli strikes, regional tensions have erupted. While an oil tanker was targeted off Oman, Iran has launched retaliatory strikes against US-linked targets in several Gulf states, sparking fears of an esc
India has seized three US-sanctioned oil tankers linked to Iran this month and stepped up surveillance in its maritime zone to curb illicit trade, Reuters reported on Monday citing a source.
Rajasthan Congress President Govind Singh Dotasra urged the government and the administration to take immediate action on the matter, where he also pointed to an earlier similar accident in Ajmer, where 16 people were killed after a chemical tanker overturned.
Karachi is once again in the grip of an acute water crisis after repair activity on a major transmission line halted supplies to wide swathes of the city, a situation that has left residents angry and dependent on private tankers.
According to an official release, the vessels involved devised a method to smuggle large volumes of cheap oil and oil-based cargo from conflict-ridden countries and profit by mid-sea transfer to motor tankers in International waters.