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The WPI has been on an upward trajectory as the West Asia war and the resultant blockade of the Strait of Hormuz, through which the majority of crude oil is imported into India, pushed up global crude and fertiliser costs with a spillover effect on food and commodity prices. (Representational image) | Photo Credit: Getty…
A view of Strait of Hormuz. Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The number of vessels transiting the Strait of Hormuz fell to the lowest in more than two months after attacks on tankers in the key waterway reached their highest last week since the start of the US-Israeli war…
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U.S. Secretary of State Marco Rubio during a meeting with Greek Prime Minister Kyriakos Mitsotakis at the prime minister’s office in Athens, Greece, on October 7, 2026. | Photo Credit: Reuters Iran has “lost complete control” of the Strait of Hormuz, U.S. Secretary of State Marco Rubio said on Wednesday (October 7, 2026), adding that…
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Vessels at the Strait of Hormuz. | Photo Credit: Reuters Crude oil exports from West Asia rose above pre-war levels in four of the seven days of the final week of September, shipping data showed on Monday (October 5, 2026), despite attacks on vessels passing through the Strait of Hormuz. Crude exports from the region…
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A drone view shows vessels near the Strait of Hormuz, as seen from Musandam, Oman, October 2, 2026. | Photo Credit: Reuters The Strait of Hormuz will not reopen until seven Iranian conditions set out in a June interim agreement with the U.S. are met, Nournews reported Iran’s Parliament Speaker Mohammad Baqer Qalibaf as saying…
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President Donald Trump points while boarding Air Force One at Chicago O’Hare International Airport, Sunday, September 27, 2026, in Chicago. | Photo Credit: AP State media in Iran reported on Monday (September 28, 2026) that no new talks were planned with the United States, after U.S. President Donald Trump told the media he expected more…
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Iranian Foreign Minister Abbas Araghchi. File | Photo Credit: PTI Iran has offered to reopen the Strait of Hormuz and resume talks on its nuclear programme in seven days if the United States lifts its naval blockade, waives sanctions on Iranian oil sales and observes a ceasefire that would include Lebanon. Iran’s Foreign Minister Abbas…
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File photo for representational purposes only. | Photo Credit: AP Iran’s Revolutionary Guards Navy said it struck a Togo-flagged oil tanker which was attempting to make an “illegal passage” through the Strait of Hormuz, Iranian state media said early on Friday (September 18, 2026). The tanker which was attacked on Thursday (September 17, 2026) came…
Read More “Togo-flagged tanker stuck in Strait of Hormuz: Iran Guards” »
Vessels near the Strait of Hormuz, as seen from Musandam, Oman. The Sohar port is located on the Omani coast on the Gulf of Oman, and ships can access hubs in the Gulf through this port as it sits far from the Strait of Hormuz. File | Photo Credit: Reuters With the Strait of Hormuz…
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Photos of the ship from September 13 indicate that the engine room was attacked and damaged by the projectile. The two were reportedly on watch in the engine room at the time of the incident. | Photo Credit: Special arrangement MT El Gaia, the tanker which was hit by a projectile over the weekend in…
Read More “Tanker hit by projectile near Strait of Hormuz was operating in ‘dark mode’” »