Two more India-bound ships cross Hormuz, taking total to 13

NEW DELHI: In the past 24 hours, two India-bound ships carrying LPG crossed the Strait of Hormuz, taking the total number of such vessels to 13. The two ships are foreign-flagged vessels.Officials said the Marshall Islands-flagged LPG carrier Symi transited through the Strait of Hormuz on Wednesday and it’s proceeding with a crew of 21, […]

Hegseth pushes Trump’s $1.5 trillion defense budget for 2027 as Congress presses Pentagon over Iran war costs

US defense secretary Pete Hegseth defended President Donald Trump’s proposed $1.5 trillion military budget before House and Senate lawmakers on Tuesday, as Congress pressed the Pentagon over the rising cost of the Iran war, weapons stockpiles and the administration’s long-term strategy in the conflict.The hearings came as the Trump administration faces growing pressure from the […]

‘We’ll knock them out harder’: Trump warns Iran of harsher military action after 3 US ships came under fire in Hormuz

US President Donald Trump on Thursday claimed that three American naval destroyers came under fire while transiting through the Strait of Hormuz, but suffered no damage during the incident. He also warned Iran of stronger military action if it does not agree to sign the deal fast.In a post on Truth Social, Trump wrote: “Three […]

Iran Us Peace Proposal: Middle East tensions: Iran’s response to US peace proposal expected today

Iran is still reviewing the latest proposal from the United States, but a formal response is expected by Thursday.According to Al Jazeera, while there is no official deadline, Pakistani mediators are reportedly expecting Tehran’s response later today.The outlet quoted a lawmaker in the Iranian parliament and a former foreign minister as saying that Iran would […]

Strait Of Hormuz: Open, shut, open, shut: What’s up with Strait of Hormuz?

Open, shut, open, shut: What’s up with Strait of Hormuz? Iran has reimposed restrictions on the Strait of Hormuz after the US denied ending the blockades on ships coming to or going from the Iranian ports. Iran’s IRGC naval command said it will take firm action against what it called US “bad-faith violations,” adding that […]

‘No money is changing hands’: Trump rejects $20 billion Iran ‘nuclear dust’ deal claim

US President Donald Trump After more than a month of Operation Epic Fury, Donald Trump on Friday claimed major breakthroughs in the US military mission against Iran, announcing what he described as the suspension of Tehran’s nuclear programme and the reopening of the strategic Strait of Hormuz for “full passage.“The MAGA supremo said the United […]

From Hormuz to household finance: How global oil shocks can filter into Indian homes

The Iran–US conflict has pushed global oil markets into turmoil, with tensions still simmering despite a two-week ceasefire window, since April 8, intended to enable negotiations. The peace talks amid the fragile truce have so far failed to yield any breakthrough, though diplomatic sources indicate preparations for a second round of talks are already under […]

Oil Prices: Oil prices today: Crude falls in early trade on hopes of easing Middle East conflict

Oil prices fell in early trade on Friday, extending losses as optimism grew that the Middle East conflict may be nearing an end following a 10-day ceasefire between Israel and Lebanon and fresh signals of possible US-Iran talks over the weekend.Brent crude futures declined $1.34, or 1.35%, to $98.05 a barrel, while US West Texas […]

Last-ditch bid for peace? Pakistan army chief Asim Munir lands in Iran to convey US offer

Pak Army chief Asim Munir with Iran’s parliament speaker and Iran’s foreign minister (File photo) The fragile ceasefire between Iran and the United States is nearing its deadline, with no agreement reached during talks held in Islamabad earlier this week. Since then, both sides have issued conflicting statements on whether the truce will be extended, […]

Fuel Prices Pakistan: Iran war impact: Will Pakistan be forced into rationing fuel if conflict drags on?

Pakistan could be forced to consider fuel rationing at petrol pumps if the ongoing US-Iran conflict continues for a prolonged period, finance minister Muhammad Aurangzeb has said.Speaking at the World Bank–IMF Spring Meetings 2026 in Washington, DC, Aurangzeb indicated that while Islamabad has so far avoided rationing, the situation remains fluid and dependent on how […]