Malaysia says its tankers allowed through Hormuz Malaysia’s prime minister says Iranian authorities have permitted the country’s oil tankers to pass through the Strait of Hormuz, signalling a limited easing for selected vessels.
Bhopal (Madhya Pradesh) [India], March 26 (ANI): The ongoing conflict in West Asia has severely disrupted India's premium basmati rice exports, causing significant losses to traders and threatening the livelihoods of farmers. According to a Bhopal-based businessman, consignments of Premium 1121 Basmati rice are currently stuck at ports, with payments worth Rs 2,000 crore to Rs 25,000 crore pending.
Tehran [Iran], March 26 (ANI): The conflict in West Asia has put enormous stress on one of the key shipping routes that passes through the Strait of Hormuz. A new report from Shipping News website Llyodslist now suggests that Iran's IRGC has imposed a de facto 'toll booth' regime in the Strait.
Philippines suspends electricity market due to war on Iran The Philippines' energy market regulator said that it suspended the country's wholesale electricity spot market across all its three grids until further notice. This comes amid fuel supply risks and price volatility caused by the war on Iran.
UAE oil company CEO says Iran curbs on Strait Hormuz 'economic terrorism' The CEO of Abu Dhabi National Oil Company (ADNOC) Sultan Al Jaber described Iran's restriction through the Strait of Hormuz as "economic terrorism". "When Iran holds Hormuz hostage, every nation pays the ransom, at the gas pump, at the grocery store, at the pharmacy," Al Jaber said in a speech held in the US. "No country can be allowed to destabilize the global economy in this way.
Republicans and Democrats alike have criticized the Trump administration’s moves, taken to stabilize oil markets rocked by the war with Iran, warning that it is benefiting two U. S. adversaries.
Pakistan will export surplus food to Gulf as Iran cements control of Hormuz strait Submitted by Sean Mathews on Wed, 03/25/2026 - 19:32 Pakistan has tried to remain neutral as its ally, Saudi Arabia, is pulled deeper into the war on Iran A farmer harvests cauliflower in a field in Attock district, in Pakistan's Punjab province, on 31 October 2025 (Aamir Qureshi/AFP) Off Pakistan plans to export surplus food supplies to the Arab Gulf states as food security concerns mount due to Iran's control of the strategic Strait of Hormuz. Pakistani Prime Minister Shehbaz Sharif on Wednesday directed authorities to accelerate the export of surplus food items to Gulf countries while ensuring an uninterrupted domestic supply, according to a press handout issued by his office. The statement added that Islamabad is looking to expand flight operations and enhance port efficiency as a result of the US-Israeli war on Iran.
IMO says 20,000 seafarers stranded as Hormuz disruption hits shipping The situation in the Strait of Hormuz has become a major challenge for global shipping, according to the head of the International Maritime Organization. Secretary-General Arsenio Dominguez told Al Jazeera that around 20,000 seafarers are stranded in and around the strait, with about 2,000 vessels unable to move. He added that insurers are refusing to cover losses, with many cancelling contracts or demanding sharply higher premiums.
France says Gulf damage cuts oil supply by 11 million barrels a day French Finance Minister Roland Lescure said 30 to 40 percent of refining capacity in the Gulf has been damaged or destroyed, triggering an oil crisis, particularly in parts of Asia. “As a result, we are now facing an oil market where 11 million barrels per day are missing,” he said. Lescure added that talks with his Qatari counterpart indicated that 17 percent of the country’s gas production capacity has also been destroyed following attacks on energy facilities.
Indian refiners have reportedly payed above benchmark prices for about 60 million barrels for April delivery Indian refiners have sharply increased purchases of Russian oil for delivery next month, paying above global benchmark prices, Bloomberg reports.
Global instability is forcing countries to rethink long-distance energy trade, Russian Energy Minister Sergey Tsivilev has said Russia plans to prioritize energy exports to neighboring countries deemed less exposed to global disruptions, Energy Minister Sergey Tsivilev has said.
New Delhi is accelerating the development of natural gas infrastructure as the Middle East conflict triggers a domestic crisis The Indian government has ordered that gas pipeline projects be sped up, amid a shortage of cooking gas triggered by the Middle East conflict.
Portugal cuts growth forecast as Israeli-US war drives energy prices higher Portugal’s central bank has sharply lowered its 2026 growth forecast, warning that the war in Iran and recent storm damage will weigh on economic activity. The Bank of Portugal now expects the economy to expand by 1. 8 percent in 2026, down from a previous 2.
Tehran [Iran], March 25 (ANI): Iran's Naval Commander Alireza Tangsiri has informed that a merchant vessel, SELEN, bound for Karachi with food was turned back from the Strait of Hormuz. According to the Naval Commander, ' The container ship SELEN was turned back by the IRGC Navy due to failure to comply with legal protocols and lack of permission to pass through Strait of Hormuz.
Dhaka has cited volatility in the global market linked to the US-Israel war on Iran as the trigger for the move Bangladesh has enacted an 80% hike in jet fuel prices, the second upward revision in March, the national regulator announced on Tuesday. The Bangladesh Energy Regulatory Commission (BERC) cited volatility in global prices amid the Middle East conflict as the reason for the move.
Targeting oil and gas infrastructure in the Persian Gulf threatens to hurt businesses and customers around the world for months or even years.
Sweden has stopped issuing and renewing short-term visas for some Iranian embassy staff in Stockholm following the execution of a dual national, in a move its foreign minister said was “just the beginning” of further action.
How the United States can end Iran’s control of the Persian Gulf.
Larry Fink, chairman and CEO of BlackRock, the world's largest asset manager with USD 14 trillion in assets, warned that if oil prices reach USD 150 a barrel, the global economy could face a severe recession. Speaking to the BBC, Fink said ongoing threats from Iran could keep energy costs elevated, with ? profound consequences?
Tony Burke says decisions about permanent stays should be ‘deliberate decisions of the government, not a random consequence of who booked a holiday’ Iranian tourists will be banned from entering Australia for the next six months after the home affairs minister, Tony Burke, triggered tough new immigration laws over concerns visitors may not be able to return to Iran. The ban could apply to more than 7,000 Iranians with valid tourist visas – though some may still be given the chance to enter the country under special consideration. Continue reading...
