Iranian Foreign Minister Seyyed Abbas Araghchi confirmed that the Strait of Hormuz remains open to international shipping, except for vessels from countries currently at war with Iran. Speaking in New Delhi, Araghchi emphasized that Tehran prioritizes safe navigation through this vital maritime corridor. Strategic Importance of the Strait The minister highlighted the strait’s significance for oil, gas, and global trade. With a substantial share of worl

The Indian rupee has reached a historic low of 96 against the US dollar, affecting household budgets, imported goods, and fuel prices. With each dollar costing more in rupees, daily expenses are rising for families across India. Why the Rupee Is Weak Today Several factors are driving the rupee’s decline: Rising Oil Prices Global tensions near key oil routes have pushed crude prices above $

Trump Discusses Meeting with Xi Jinping US President Donald Trump spoke on Thursday, May 14, in his first interview following a high-stakes meeting with Chinese President Xi Jinping. The President described the discussion as a significant diplomatic achievement, asserting that his administration is treated with a heightened level of seriousness by the Chinese leadership. He contrasted his approach to foreign relations with

Wall Street Surges on Tech Strength Global stock markets climbed on Thursday, May 14, 2026, with major Wall Street indices reaching new record highs. Investor enthusiasm centered on technology shares, including Cisco Systems, which soared 13.4 percent following an upward earnings revision. Semiconductor startup Cerebras Systems made a strong Nasdaq debut, rising 68.2 percent on its first day of trading. The S&P 500 and N

Iraq and Pakistan Secure Oil and Gas Transport Deals Amid the ongoing conflict in the Middle East, Iraq and Pakistan have reached separate agreements with Iran to allow the transport of oil and liquefied natural gas (LNG) through the critical Strait of Hormuz. According to multiple sources, these agreements reflect Iran’s growing control over one of the world’s most important energy corridors, a situation that has intensified due to the ongoing

Iran oil shipments are continuing despite tighter U.S. sanctions, with satellite imagery and maritime tracking data suggesting Tehran is still moving crude through covert sea transfers. The findings point to an active shadow shipping network that allows Iranian oil to reach buyers in Asia even as Washington works to restrict crude exports from the Persian Gulf. Satellite Data Points To Covert Tanker Transfers Maritime tracking records and satel

Iran’s Foreign Minister Seyed Abbas Araghchi will visit New Delhi this week to attend the BRICS foreign ministers’ meeting, where discussions are expected to focus on the growing West Asia crisis, regional stability, and global energy security. The two-day meeting, scheduled for May 14 and 15 under India’s BRICS chairmanship, comes at a time when tensions involving Iran, the United States, and Israel continue to affect the Strait of Hormuz and international oil markets. India, which dep

May 11: Prime Minister Narendra Modi has called on companies to adopt work-from-home policies and reduce unnecessary travel as the Iran war continues to affect global fuel supplies and economic stability. Following the Prime Minister’s appeal, IT employee body NITES has written to the labour ministry seeking an official advisory for remote work in the IT and IT-enabled services sector. The request

Prime Minister Narendra Modi on Sunday urged citizens to adopt responsible economic habits to help India manage the impact of rising global oil prices and supply chain disruptions linked to tensions in the Middle East. Addressing a gathering in Hyderabad, the prime minister appealed to the public to reduce petrol and diesel consumption, avoid unnecessary foreign travel, and limit non-essential gold purchases in order to protect the nation’s foreign exchange reserves and economic stability.

Iran on Sunday warned Britain and France against deploying warships to the Strait of Hormuz, escalating tensions around one of the world’s most critical maritime trade routes. Iranian Deputy Foreign Minister Kazem Gharibabadi said Tehran would respond immediately and decisively if foreign powers attempted to interfere in the security of the strategic waterway. His remarks came after reports that both Britain and France had sent vessels toward the Gulf region amid ongoing concerns over marit

US Sanctions Target Iran Military Supply Network The United States has imposed new sanctions on companies and individuals accused of helping Iran’s military programs, including drone, missile and satellite-support networks. Officials said the penalties target entities linked to Iran, China, Belarus and the United Arab Emirates, widening Washington’s pressure campaign as tensions continue around the Strait of Hormuz. China Firms Acc

US-Iran Hormuz Tanker Strike Deepens Gulf Crisis US forces struck two Iranian tankers near the Strait of Hormuz on May 8, 2026, as fragile Gulf ceasefire talks stalled. The move has raised fresh fears over oil shipping, regional security and the next step in Washington-Tehran diplomacy. What Happened Near the Strait of Hormuz? US Central Command said American forces d

Chinese Tanker Attack Near Strait of Hormuz Raises Global Oil Fears A Chinese-owned oil tanker was attacked near the Strait of Hormuz, intensifying fears over oil shipping safety as Iran-US tensions deepen across Gulf waters. The vessel, identified in reports as JV Innovation, was reportedly hit off UAE’s Al Jeer port on May 4, with images showing flames on deck and markings reading “CHINA OWNER & CREW.”

Alberta’s independence movement is gaining momentum—but can Alberta actually leave Canada? The short answer: not easily. Yet a new referendum push is forcing the question back into national debate. Alberta referendum gains traction A pro-independence group has submitted over 300,000 signatures—far above the ~178,000 required—to trigger a potential Alberta referendum in 2026. Officials say th

Shell Profits Rise as Oil Prices Surge Shell profits climbed sharply in the first quarter as oil prices surged during the Middle East conflict, helping the energy giant beat market expectations. The London-based company reported adjusted earnings of $6.92 billion, up 24% from a year earlier, as Brent crude volatility boosted oil trading, refining margins and energy market returns. Middle East Conflict Drives Energy Volatility

On May 6, the US military announced that a US Navy warplane disabled an Iranian oil tanker after it attempted to breach Washington’s blockade on Iranian ports. This marks the second time US forces have fired on a vessel accused of violating the blockade, which has been in place since April 13. The Iranian-flagged vessel, M/T Hasna, was reportedly not carrying any cargo when it was warned by US forces. When the crew failed to respond, a US F/A-18 Super Hornet opened fire, disabling the tanke

Pentagon Rejects Iran Dolphin Weapon Claims The Pentagon has dismissed claims that Iran is training explosive dolphins, confirming there is no credible evidence of such a program. Officials addressed the rumors as tensions in the Strait of Hormuz continue to escalate. Speaking on May 6, 2026, U.S. Defense Secretary Pete Hegseth said reports of “kamikaze dolphins” are unfounded. “Iran does not have such capabilities,” he stated, r