New Delhi [India], March 16 (ANI): A sharp rise in crude oil prices could push global inflation higher and slow down global economic growth in 2026, according to Gita Gopinath, former Chief Economist of the International Monetary Fund (IMF).
Australia rules out naval deployment to Hormuz Australia will not send a ship to the Strait of Hormuz despite calls from US President Donald Trump for allies to help secure the key waterway, the country’s transport minister said Monday. Transport Minister Catherine King told the ABC that Australia had not been asked to deploy a vessel and would instead contribute by providing aircraft to assist with defence efforts in the United Arab Emirates. “Well, we’ve been very clear about what our contribution is in relation to requests, and so far, that is to the UAE – obviously providing aircraft to assist with defence, particularly given the number of Australians that are in that area in particular – but we won’t be sending a ship to the Strait of Hormuz,” she said.
El estrecho sigue siendo la única vía para exportar la mayor parte de la energía que se produce en la región. La geografía y los conflictos regionales complican su operación.
While Iran has effectively choked off oil exports by its Arab neighbors through the Strait of Hormuz, it has continued shipping its own crude largely uninterrupted.
India says talks with Iran helping reopen Hormuz shipping India’s foreign minister has said diplomacy with Iran is proving effective in restoring shipping through the Strait of Hormuz. In an interview with the Financial Times, Subrahmanyam Jaishankar said direct talks with Tehran had already produced results after two Indian-flagged LPG carriers passed safely through the waterway on Saturday. “Talking has yielded some results,” he said.
Germany sceptical about extending EU naval mission to Hormuz Germany’s Foreign Minister Johann Wadephul has voiced doubts about expanding the European Union’s Aspides naval mission to the Strait of Hormuz. Wadephul said the operation protecting shipping in the Red Sea has been “not effective”. “And that is why I am very sceptical that extending Aspides to the Strait of Hormuz would provide greater security.
Energy Secretary Chris Wright said the Strait of Hormuz, a critical passageway for oil shipments, remained unsafe for tanker passage. Iran has been firing projectiles and laying mines.
Timely end of two-child limit plus a healthy uptick in universal credit signals ‘life-changing’ boost to Britons most exposed to Trumpflation It doesn’t involve warships, drones or strategic oil stocks, but one of Labour’s most potent weapons for containing the economic aftershocks from the Iran war for the UK is about to be unleashed: the scrapping of the two-child limit. If the cost of essential goods spikes as a result of high oil prices it is the poorest households who will be the most exposed. Continue reading...
CNN, citing a senior Iranian official, has reported that Iran is considering allowing several oil tankers to pass through the Strait of ...
Economists predict RBA will raise interest rates this week and in May – days before treasurer unveils budget Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Households can expect significant additional cost-of-living pressures because of the war in the Middle East, with Jim Chalmers confirming that the government expects inflation to rise beyond 4. 5% in Australia. But the treasurer said he did not expect the economy to fall into recession because of the war sparked by US and Israeli bombings in Iran.
New Delhi [India], March 14 (ANI): The Ministry of External Affairs (MEA) on Saturday said that the Islamic Republic of Iran Ship (IRIS) Lavan continues to remain docked at Kochi in Kerala, while non-essential crew members departed India on a chartered flight arranged by Iranian authorities along with other stranded Iranian nationals.
Why Kharg Island is central to Iran’s oil exports. Kharg Island sits at the heart of Iran’s oil export infrastructure in the northern Gulf, making it one of the most strategically important energy hubs in the region. Located about 25km off Iran’s southern coast, the island hosts the country’s main oil export terminal, where crude from oil fields across Iran is stored and loaded onto tankers for shipment to international markets.
Two Indian tankers safely cross Strait of Hormuz Two Indian-flagged tankers carrying liquefied petroleum gas (LPG) bound for ports on India’s western coast have safely transited the Strait of Hormuz, India’s Ministry of Ports, Shipping and Waterways said. Rajesh Kumar Sinha, the ministry’s special secretary, told a news conference in New Delhi that the vessels passed through the strategic waterway early on Saturday and are now continuing towards India. “They crossed the Strait of Hormuz early this morning safely and are en route to India,” Sinha said.
New Delhi [India], March 14 (ANI): Two Indian flagged LPG carrying vessels have transited through the Strait of Hormuz and now are on their way to India with approximately 92,700 Metric Tons of LPG. Rajesh Kumar Sinha, Special Secretary in the Shipping Ministry on Friday informed that the vessels Shivalik and Nanda Devi are now expected on March 16 and 17.
The tiny island is home to one of the most critical pieces of Iran's energy infrastructure.
Oil exports from Kharg Island continue after US strikes, says Iranian official An Iranian official has told local news agencies that exports from Kharg Island remain uninterrupted and "fully under way" following a US strike on the island. Washington said it targeted military installations there, but warned it could attack Iran’s oil facilities if Tehran continues to block the Strait of Hormuz. Kharg Island handles more than 90 percent of Iran’s oil exports and is considered the country’s most critical energy hub.
Jodhpur (Rajasthan) [India], March 14 (ANI): Union Minister Gajendra Singh Shekhawat on Saturday said there is no crisis regarding petroleum products in India, even as the West Asia conflict poses challenges for global energy markets.
Tumkur (Karnataka) [India], March 14 (ANI): Karnataka Home Minister G Parameshwara said on Saturday that LPG cylinder shortage is a nationwide issue and cited Prime Minister Narendra Modi's assurance that supplies are on the way, with ships coming in from Iran. 'The shortage of commercial cylinders is throughout the country... The Prime Minister and the central government have assured us that they will supply.
Tehran [Iran], March 14 (ANI): Two Indian flagged vessels carrying liquefied petroleum gas (LPG) have been granted transit through the Strait of Hormuz by Iranian authorities. One of them is the Shivalik which as per Vessel traffic monitoring site marinetraffic was last reported to be in the Gulf of Oman and expected to reach its destination by March 21.
The Persian Gulf island, targeted by U. S. strikes, is home to Iran’s main oil export terminal.
