Finance Minister Nirmala Sitharaman has said India cannot simply stop buying Russian crude and replace it with oil from other countries. Speaking at the BusinessLine Changemaker Awards on September 22, she pointed to limited global supply, the risk of higher prices and the need to obtain crude that Indian refineries can process. Her remarks came as India faces renewed pressure over its energy trade with Russia. US President Donald Trump signed the Lindsey O. Gr

Oman’s Sohar Port is gaining attention as a potential alternative gateway for Indian companies seeking safer and more flexible access to Gulf markets amid disruptions around the Strait of Hormuz. Located on the Gulf of Oman coast and beyond the narrowest section of the Hormuz chokepoint, Sohar offers connections through sea routes, highways and a planned rail link with the United Arab Emirates. Its location does not eli

India’s response to US sanctions following the 1998 Pokhran nuclear tests has returned to focus as New Delhi faces the possibility of fresh American trade restrictions. The episode demonstrated how India combined economic resilience, diversified partnerships and sustained diplomacy to withstand pressure without abandoning its strategic priorities. On May 11 and 13, 1998, India conducted a series of underground nuclear t

External Affairs Minister S. Jaishankar will lead India’s delegation during the high-level week of the 81st session of the United Nations General Assembly in New York, the government has announced. Jaishankar is scheduled to address the UN General Assembly on September 26. During his visit, he will also participate in several bilateral and plurilateral meetings covering global security, economic cooperation, energy and other international issues.

Washington, D.C. | The House voted 214-211 to advance legislation targeting Russia and major countries purchasing its oil and gas. US House Advances Russia Bill With 100% Tariff Risk for India The US House of Representatives has cleared a procedural hurdle for legislation that could authorise President Donald Trump to impose tariffs of up to 100 per cent on India, Chi

US lawmakers filed competing amendments to a Russia sanctions bill, with one naming India and another seeking to remove its tariff provision. US lawmakers have introduced competing amendments to a major Russia sanctions bill, placing India’s energy trade with Moscow under renewed scrutiny. One amendment seeks to name India and several other countries as major buyers of Russian oil and gas that could fac

The Indian rupee appreciated by 4 paise to 94.39 against the US dollar in early trade on Monday, supported by strong FCNR-related dollar inflows. Elevated crude oil prices and renewed US-Iran tensions, however, limited further gains. Rupee Gains as FCNR Dollar Inflows Improve Liquidity The rupee opened at 94.40 against the US dollar at the interbank foreign exchange market before strengthening to 94.39. This represented a gain of 4 paise from the 94.43 clo

Iran has linked the opening of the Strait of Hormuz to an end to US threats and military attacks. Security chief Mohsen Rezaei also announced plans for a restricted maritime zone extending into parts of the Persian Gulf, increasing concerns over shipping and energy supplies. Strait of Hormuz Opening Linked to US Military Actions Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, said Tehran would commit to keeping the Strait of Hormuz

US President Donald Trump claimed Washington had near-total control of the Strait of Hormuz in a Truth Social post reported Wednesday, September 2, 2026. The remarks came from Washington amid renewed US strikes, Iranian retaliation and rising concerns over shipping and global oil supplies. US President Donald Trump has claimed that the United States has “almost total control” of the Strait of Hormuz as the military co

US forces struck two Iranian launchers near the Strait of Hormuz before Iran retaliated against American military sites in Jordan. US-Iran conflict resumes after month-long military lull Direct fighting between the United States and Iran resumed on Sunday after a pause of nearly one month, renewing concerns about a wider Middle East escalation and disruption to global energy supplies. US forces struck two launchers operated by Iran’s Is

US sanctions target India-based firms and individuals The United States has imposed sanctions on four India-based companies and three Indian nationals over allegations linked to Iranian-origin oil and petrochemical trade. The measures are part of Washington’s wider campaign to restrict Iran’s access to overseas revenue and financial networks. According to the U.S. Treasury Department, the action covers transactions involving an estimated $119 million in Irani

Washington, DC: The US is pressing allies and China to support President Donald Trump’s intensified economic campaign aimed at isolating Iran. The United States has stepped up pressure on its allies and China to support President Donald Trump’s new economic campaign against Iran, as Washington prepares additional measures designed to deepen Tehran’s financial isolation. US Treasury Secretary Scott Bessent said countries maintaining economic links wit

Washington, DC: US Treasury Secretary Scott Bessent has warned Iran of sweeping new sanctions while urging China and other countries to support Washington’s economic pressure campaign. US Treasury Secretary Scott Bessent has warned that Iran will face what he described as the “toughest sanctions in history” as Washington prepares a new phase of economic pressure against Tehran. Bessent said the United States intends to coordinate with other countries to isolat

U.S. President Donald Trump said no talks are under way or scheduled with Iran, while Tehran insisted the Strait of Hormuz remains closed to shipping, exposing a widening gap after a ceasefire expired. Iranian officials said the strategic waterway would stay shut until Washington met conditions linked to an interim agreement signed in June. Trump Rules Out Talks With Iran Trump’s statement reduced expectations of an immediate diplomatic breakthro

Donald Trump is weighing a possible compromise with Iran as negotiations move closer to reopening the strategically vital Strait of Hormuz. Disagreements over Iranian control and transit fees remain key obstacles as economic, military and political pressure builds on Washington. US President Donald Trump is facing a difficult diplomatic choice as Washington and Tehran move closer to a potential agreement aimed at restoring commercial shipping through the Strait