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

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

Jet Fuel Price Cut Gives Airlines Relief As ATF Falls By Rs 5/Litre Aviation turbine fuel prices in India have been reduced by nearly Rs 5 per litre from July 1, 2026, offering fresh relief to domestic airlines at a time when global crude oil prices have started easing. The revised ATF rate in Delhi is now around Rs 110 per litre, according to the latest price notifications reported by media outlets. ATF Price Cut Comes As Crude Oil Softens

Gold Prices Today: Yellow Metal Rebounds As US-Iran Talks Keep Markets Volatile Gold prices recovered on Monday, June 22, 2026, after three straight sessions of losses, as investors closely watched US-Iran negotiations, crude oil movement, dollar strength, and global market volatility. For Indian buyers and traders, the movement in MCX gold and silver prices

Indian LNG Carrier Disha Crosses Strait Of Hormuz After US-Iran Deal Indian LNG carrier Disha has safely crossed the Strait of Hormuz, becoming the first Indian-flagged LNG vessel to pass through the conflict-hit waterway in more than three months after the US-Iran agreement raised hopes of reopening the crucial shipping route. The vessel, managed by a Shipping Corporation of India-led consortium, is carrying 62,370 metric tonnes of liquefied natural gas

Strait Of Hormuz Opens, But Petrol And Diesel Relief May Take Time The reopening of the Strait of Hormuz after a reported US-Iran understanding has eased fears of a major oil supply shock. Crude oil prices have started cooling, but Indian consumers may not see an immediate drop in petrol, diesel, or LPG prices. The development is important for India because the Strait of Hormuz is one of the world’s most crucial oil shipping routes. A large share of gl

Stock markets in Mumbai fell sharply as the Sensex dropped over 800 points on April 30, 2026, amid rising oil prices and global concerns.   Indian stock markets opened sharply lower on April 30, 2026, as benchmark indices faced heavy selling pressure amid weak global and domestic cues. The BSE Sensex fell over 800 points in early tra

India is accelerating the signing of contracts for crude oil and LPG imports, aiming to diversify its supply sources amidst disruptions caused by the ongoing conflict in the Middle East. The country's need for oil has been rising, with daily imports averaging 5.5 to 6 million barrels. After Russia's oil imports were reduced as part of an agreement with the U.S., India has been exploring new avenues to ensure stable oil supplies, including from Russia, despite the geopolitical tensions.

The global economy faces significant risks if oil prices reach $150 per barrel, warns Larry Fink, CEO of BlackRock. In recent days, Brent crude surpassed $110 per barrel, causing a substantial market reaction, and a new report suggests that prices could climb even further, especially if the ongoing U.S.-Iran conflict escalates. Fink emphasized that if oil prices continue to rise, the world would face a major economic shock rather than a gradual adjustment. The impact would be felt a