Strait of Hormuz

April 2, 2026 3:55 PM

A war meant to break Iran could leave Tehran stronger, and Gulf exposed

If President Donald Trump ends the war with Iran without a deal, he risks leaving Tehran with a stranglehold over Middle East energy supplies and Gulf Arab oil and gas producers grappling with the fallout of a conflict they did not start or shape. Instead of crushing Iran's theocratic rulers, it could leave them stronger, emboldened by surviving weeks of U.S.-Israeli attacks, firing on Arab Gulf states and rattling global energy markets by effectively shutting the Strait of Hormuz. In an inter...

April 1, 2026 3:37 PM

World markets rocket higher on optimism Iran war could end soon

Stocks soared, bonds rallied and the dollar wallowed on Wednesday, as hopes of a de-escalation in the Iran conflict fuelled the biggest rebound in regional equities in more than three years. Europe's STOXX 600 surged 2.3% in early trade - on track for its biggest daily jump in a year - as travel stocks rose about 4% and aerospace and defence stocks were 3.6% higher. German bund yields fell 7 basis points . MSCI's broadest index of Asia-Pacific shares outside Japan rose 4.7%, snapping a four-da...

March 27, 2026 12:25 PM

India’s energy supply fully secure, no need for national energy emergencies: Govt

Petroleum and LPG supply situation is under control and there is no shortage of petrol, diesel or LPG anywhere in the country, while retail outlets have sufficient stocks and are dispensing fuel without interruption, according to the government. As the world’s 4th largest refiner and 5th largest exporter of petroleum products, India's domestic availability is structurally assured, according to Petroleum Ministry. While other nations are declaring "National Energy Emergencies" or implementing...

March 27, 2026 9:26 AM

Trump extends pause on striking Iran’s energy plants into April

U.S. President Donald Trump said he will extend a pause on attacks against Iran's energy plants into April and that talks with Iran were going "very well," but an Iranian official said a U.S. proposal for ending the war as "one-sided and unfair." The four-week war has spread across the Middle East killing thousands of people and hit the global economy with soaring energy prices, fuelling global inflation fears. The United States and Israel launched strikes on Iran on February 28 after talks ab...

March 26, 2026 9:50 AM

Oil surges past $100 as Iran rules out direct talks with US amid escalating tensions

Global crude oil prices climbed sharply on Thursday after Iran signalled that it is not engaged in direct negotiations with the United States to de-escalate the ongoing conflict, dampening hopes of an immediate ceasefire. Brent crude rose 1.21 per cent to $103.46 per barrel, while US West Texas Intermediate (WTI) gained 1.35 per cent to $91.54 per barrel. The spike follows comments by Abbas Araghchi, who clarified that indirect exchanges between Tehran and Washington should not be seen as forma...

March 25, 2026 10:09 AM

Nifty reclaims 23,000, Sensex rises 800 pts on US Iran truce hopes; Brent crude oil dips below USD 100

The domestic equity markets continued their rebound on Wednesday, opening in the green as investor sentiment improved amid reports of a possible truce between the United States and Iran. The Nifty 50 opened at 23,064.40, gaining 152 points or 0.66 per cent, while the BSE Sensex rose by 581.67 points or 0.79 per cent to open at 74,650.12. Market participants remained cautiously optimistic, even as volatility persisted due to uncertainty around geopolitical developments. Ajay Bagga, banking...

March 25, 2026 9:50 AM

Iran tells UN: ‘non-hostile’ ships can transit Strait of Hormuz

Iran has told the United Nations Security Council and the International Maritime Organization that "non-hostile vessels" may transit the Strait of Hormuz if they coordinate with Iranian authorities, according to a note seen by Reuters on Tuesday. The U.S.-Israeli war against Iran has all but halted shipments of about one-fifth of the world's oil and liquefied natural gas through the strait, causing oil supply disruption. The note from Iran's Ministry of Foreign Affairs was sent to the 15-membe...

March 24, 2026 5:17 PM

Two Indian LPG carriers safely transit Strait of Hormuz

Two Indian-flagged LPG carriers—Jag Vasant and Pine Gas—have successfully navigated the strategically vital Strait of Hormuz, carrying over 92,600 metric tonnes of liquefied petroleum gas (LPG) to India, the government said on Monday. The vessels, which departed from the Persian Gulf, transited the narrow and sensitive maritime passage in close coordination. They are expected to reach Indian ports between March 26 and March 28, strengthening domestic energy supplies. According to the Minis...

March 24, 2026 3:39 PM

Bahrain pushes for UN authorisation of force to protect Hormuz shipping

Bahrain has put forward a draft United Nations Security Council resolution that would authorise countries to use, in the words of the text, "all necessary means" to protect commercial shipping in and around the Strait of Hormuz. The diplomatic phrase is widely understood as authorisation for the use of force. The draft was seen by Reuters on Monday. Diplomats said the resolution, which is backed by other Gulf Arab states and the United States, would be placed under Chapter Seven of the UN Chart...

March 24, 2026 1:42 PM

Bahrain pushes UN-backed action for Hormuz shipping; France tables rival text

Bahrain has put forward a draft U.N. Security Council resolution that would authorise countries to use "all necessary means" - diplomatic language for force - to protect commercial shipping in and around the Strait of Hormuz, according to a text seen by Reuters on Monday. Diplomats said the draft text was backed by other Gulf Arab states and the United States, although they said it was unlikely to get through the council, where Russia and China had veto power. France circulated a more concilia...