Moscow, Russia: Russian President Vladimir Putin has cautioned that the economic consequences of the ongoing conflict involving Iran could mirror the widespread disruption seen during the COVID-19 pandemic, highlighting mounting pressure on global supply chains and key industries. Speaking at a major business forum in Moscow, Putin said the instability in the Middle East is already causing significant strain on international production systems and logistics networks.
He noted that cri
Moscow, Russia: Russian President Vladimir Putin has cautioned that the economic consequences of the ongoing conflict involving Iran could mirror the widespread disruption seen during the COVID-19 pandemic, highlighting mounting pressure on global supply chains and key industries. Speaking at a major business forum in Moscow, Putin said the instability in the Middle East is already causing significant strain on international production systems and logistics networks.
He noted that cri
WASHINGTON — Donald Trump said Iran had sent multiple oil shipments as a goodwill gesture to demonstrate seriousness in ongoing indirect talks, describing the move as a significant signal amid heightened tensions between the two countries.
Speaking as diplomatic efforts continue behind the scenes, Trump claimed that Iran provided what he characterised as “10 boats of oil,” framing the shipments as a gesture intended to advance negotiations. He suggested the tankers were operatin
WASHINGTON — Donald Trump said Iran had sent multiple oil shipments as a goodwill gesture to demonstrate seriousness in ongoing indirect talks, describing the move as a significant signal amid heightened tensions between the two countries.
Speaking as diplomatic efforts continue behind the scenes, Trump claimed that Iran provided what he characterised as “10 boats of oil,” framing the shipments as a gesture intended to advance negotiations. He suggested the tankers were operatin
NEW DELHI, India, March 26, 2026 — Narendra Modi on Thursday warned that ongoing global conflicts could trigger a prolonged energy crisis, posing significant risks to economies worldwide, including India.
Addressing Parliament, Modi struck a balanced yet firm tone, cautioning that continued geopolitical tensions may disrupt global energy markets and supply chains. He sai
NEW DELHI, India, March 26, 2026 — Narendra Modi on Thursday warned that ongoing global conflicts could trigger a prolonged energy crisis, posing significant risks to economies worldwide, including India.
Addressing Parliament, Modi struck a balanced yet firm tone, cautioning that continued geopolitical tensions may disrupt global energy markets and supply chains. He sai
As India faces a severe liquefied petroleum gas (LPG) shortage due to the disruption of maritime traffic through the Strait of Hormuz, which affects nearly 60% of the country’s LPG imports, Argentina has stepped in to provide vital support. The South American country, previously not a key supplier to India, has rapidly become a crucial energy partner, delivering over 50,000 tonnes of LPG in the first quarter of 2026 alone—more than double the amount it shipped in all of 2025.
Th
As India faces a severe liquefied petroleum gas (LPG) shortage due to the disruption of maritime traffic through the Strait of Hormuz, which affects nearly 60% of the country’s LPG imports, Argentina has stepped in to provide vital support. The South American country, previously not a key supplier to India, has rapidly become a crucial energy partner, delivering over 50,000 tonnes of LPG in the first quarter of 2026 alone—more than double the amount it shipped in all of 2025.
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The ongoing conflict involving the United States, Israel, and Iran is nearing the one-month mark, with hostilities continuing to escalate across multiple fronts. Despite renewed claims of diplomatic engagement, military operations remain active, contributing to rising casualties and increasing uncertainty across the region.
US President Donald Trump recently stated that discussions with Iran are ongoing, suggesting the possibility of a diplomatic breakthrough. However, Iranian authorities have dismissed such claims, describing reports of negotiations as misleading and intended to influence global oil and financial markets. The conflicting narratives have further complicated the geopolitical landscape, as both sides continue to pursue military strategies alongside public statements on diplomacy.
Recent strikes have intensified within Iran, including an attack in southern Tehran that resulted in at least 12 fatalities and left 28 others injured. These developments underscore the continued volatility within Iranian territory, as Israeli and US operations target strategic locations amid the broader confrontation.
In response, Iran and its ally Hezbollah have launched a fresh wave of missile attacks targeting Israeli cities, including Tel Aviv and areas in the north. The strikes have caused civilian casualties, with at least one reported death and multiple injuries. Israel has simultaneously expanded its military operations in southern Lebanon, following indications of a plan to establish control up to the Litani River. Reports indicate that at least 33 people have been killed in recent bombardments in the region.
The conflict has also extended beyond immediate battle zones, affecting regional stability and international economic interests. The United Arab Emirates confirmed that a Moroccan national working with its armed forces in Bahrain was killed during an Iranian attack, with additional personnel reported injured. Meanwhile, QatarEnergy has declared force majeure on several liquefied natural gas contracts, impacting supply agreements with countries including Italy, Belgium, South Korea, and China.
As military actions continue alongside disputed diplomatic signals, the conflict is increasingly influencing global energy markets and geopolitical dynamics, raising concerns about further escalation and broader economic consequences.
The ongoing conflict involving the United States, Israel, and Iran is nearing the one-month mark, with hostilities continuing to escalate across multiple fronts. Despite renewed claims of diplomatic engagement, military operations remain active, contributing to rising casualties and increasing uncertainty across the region.
US President Donald Trump recently stated that discussions with Iran are ongoing, suggesting the possibility of a diplomatic breakthrough. However, Iranian authorities have dismissed such claims, describing reports of negotiations as misleading and intended to influence global oil and financial markets. The conflicting narratives have further complicated the geopolitical landscape, as both sides continue to pursue military strategies alongside public statements on diplomacy.
Recent strikes have intensified within Iran, including an attack in southern Tehran that resulted in at least 12 fatalities and left 28 others injured. These developments underscore the continued volatility within Iranian territory, as Israeli and US operations target strategic locations amid the broader confrontation.
In response, Iran and its ally Hezbollah have launched a fresh wave of missile attacks targeting Israeli cities, including Tel Aviv and areas in the north. The strikes have caused civilian casualties, with at least one reported death and multiple injuries. Israel has simultaneously expanded its military operations in southern Lebanon, following indications of a plan to establish control up to the Litani River. Reports indicate that at least 33 people have been killed in recent bombardments in the region.
The conflict has also extended beyond immediate battle zones, affecting regional stability and international economic interests. The United Arab Emirates confirmed that a Moroccan national working with its armed forces in Bahrain was killed during an Iranian attack, with additional personnel reported injured. Meanwhile, QatarEnergy has declared force majeure on several liquefied natural gas contracts, impacting supply agreements with countries including Italy, Belgium, South Korea, and China.
As military actions continue alongside disputed diplomatic signals, the conflict is increasingly influencing global energy markets and geopolitical dynamics, raising concerns about further escalation and broader economic consequences.
India has firmly ruled out any role as a mediator in the ongoing tensions between the United States and Iran, with External Affairs Minister S Jaishankar stating that New Delhi does not engage in diplomatic brokerage. His remarks came during an all-party meeting convened to brief political leaders on the government’s approach to the escalating West Asia crisis and its implications for India’s strategic interests.
Addressing concerns raised by opposition leaders, Jaishankar clarified that India’s foreign policy is guided by its national priorities rather than intermediary roles. He noted that attempts by countries such as Pakistan to position themselves as mediators are not new, adding that such efforts have historically aligned with external interests. Government sources emphasized that India has been actively responding to developments in the region and rejected claims that it has remained silent.
The meeting also focused on India’s preparedness in ensuring energy security and safeguarding its citizens in the Gulf region. Officials highlighted that maintaining stable crude oil supplies remains a key priority, particularly as tensions threaten critical shipping routes such as the Strait of Hormuz. The government informed leaders that advance procurement measures have been taken and that India is currently sourcing oil and gas from a diversified network of 41 countries to mitigate risks.
Participants were also briefed on maritime developments, including the safe passage of several India-bound vessels carrying petroleum products through the Strait of Hormuz, while others remain in the vicinity awaiting clearance. The government described these developments as a reflection of effective coordination and diplomatic engagement.
On diplomatic outreach, the government reiterated that India maintains balanced relations with all major stakeholders in the region, including the United States, Iran, and Israel. It also underscored steps taken to convey condolences following recent developments in Iran, indicating continued engagement at the diplomatic level.
Despite these assurances, opposition leaders expressed dissatisfaction with the government’s responses and called for a detailed discussion in Parliament. The government, however, maintained that the situation is under control and there is no immediate cause for concern, reiterating its commitment to protecting national interests amid evolving geopolitical challenges.
India has firmly ruled out any role as a mediator in the ongoing tensions between the United States and Iran, with External Affairs Minister S Jaishankar stating that New Delhi does not engage in diplomatic brokerage. His remarks came during an all-party meeting convened to brief political leaders on the government’s approach to the escalating West Asia crisis and its implications for India’s strategic interests.
Addressing concerns raised by opposition leaders, Jaishankar clarified that India’s foreign policy is guided by its national priorities rather than intermediary roles. He noted that attempts by countries such as Pakistan to position themselves as mediators are not new, adding that such efforts have historically aligned with external interests. Government sources emphasized that India has been actively responding to developments in the region and rejected claims that it has remained silent.
The meeting also focused on India’s preparedness in ensuring energy security and safeguarding its citizens in the Gulf region. Officials highlighted that maintaining stable crude oil supplies remains a key priority, particularly as tensions threaten critical shipping routes such as the Strait of Hormuz. The government informed leaders that advance procurement measures have been taken and that India is currently sourcing oil and gas from a diversified network of 41 countries to mitigate risks.
Participants were also briefed on maritime developments, including the safe passage of several India-bound vessels carrying petroleum products through the Strait of Hormuz, while others remain in the vicinity awaiting clearance. The government described these developments as a reflection of effective coordination and diplomatic engagement.
On diplomatic outreach, the government reiterated that India maintains balanced relations with all major stakeholders in the region, including the United States, Iran, and Israel. It also underscored steps taken to convey condolences following recent developments in Iran, indicating continued engagement at the diplomatic level.
Despite these assurances, opposition leaders expressed dissatisfaction with the government’s responses and called for a detailed discussion in Parliament. The government, however, maintained that the situation is under control and there is no immediate cause for concern, reiterating its commitment to protecting national interests amid evolving geopolitical challenges.
Iran’s Atomic Energy Organization on Tuesday reported that a projectile struck within the perimeter of the Bushehr nuclear power plant, alleging that the attack was carried out by the United States and Israel. In an official statement, the agency described the incident as part of continued aggression by what it termed the “American-Zionist enemy.” Authorities said the projectile landed inside the facility’s enclosure but confirmed that initial assessments found no financial losses, techn
Iran’s Atomic Energy Organization on Tuesday reported that a projectile struck within the perimeter of the Bushehr nuclear power plant, alleging that the attack was carried out by the United States and Israel. In an official statement, the agency described the incident as part of continued aggression by what it termed the “American-Zionist enemy.” Authorities said the projectile landed inside the facility’s enclosure but confirmed that initial assessments found no financial losses, techn
Two major incidents on March 23 have drawn national attention in the United States, as authorities investigate a fatal aircraft collision at LaGuardia Airport and a massive refinery explosion in Texas that has raised concerns over energy supply and safety.
Late Sunday night, just before midnight on March 23, an Air Canada Express flight collided with a fire rescue vehicle while landing at LaGuardia Airport in New York. The aircraft, a CRJ900 operated by Jazz Aviation, was carrying 72 passeng
Two major incidents on March 23 have drawn national attention in the United States, as authorities investigate a fatal aircraft collision at LaGuardia Airport and a massive refinery explosion in Texas that has raised concerns over energy supply and safety.
Late Sunday night, just before midnight on March 23, an Air Canada Express flight collided with a fire rescue vehicle while landing at LaGuardia Airport in New York. The aircraft, a CRJ900 operated by Jazz Aviation, was carrying 72 passeng
A massive explosion at the Valero Port Arthur refinery in Texas on Monday (March 23) has triggered an emergency response and raised fresh concerns over fuel supply stability in the United States. The incident sent flames and thick black smoke into the sky, prompting authorities to issue a shelter-in-place order for nearby residents.
Local emergency officials urged people in surrounding areas to remain indoors as a precaution, citing potential risks from hazardous smoke. The refinery
A massive explosion at the Valero Port Arthur refinery in Texas on Monday (March 23) has triggered an emergency response and raised fresh concerns over fuel supply stability in the United States. The incident sent flames and thick black smoke into the sky, prompting authorities to issue a shelter-in-place order for nearby residents.
Local emergency officials urged people in surrounding areas to remain indoors as a precaution, citing potential risks from hazardous smoke. The refinery
An airstrike targeting a military installation used by the Popular Mobilisation Forces (PMF) in Iraq’s Anbar province has resulted in multiple fatalities, including a senior commander, amid rising regional tensions. The Iran-aligned group confirmed that Saad Duwai al-Baiji, its Anbar commander, was among those killed in the strike.
Initial reports indicated that at least seven PMF fighters were killed and 13 others injured when the strike hit the base during what sources described
An airstrike targeting a military installation used by the Popular Mobilisation Forces (PMF) in Iraq’s Anbar province has resulted in multiple fatalities, including a senior commander, amid rising regional tensions. The Iran-aligned group confirmed that Saad Duwai al-Baiji, its Anbar commander, was among those killed in the strike.
Initial reports indicated that at least seven PMF fighters were killed and 13 others injured when the strike hit the base during what sources described
India’s External Affairs Minister S. Jaishankar on Monday held a detailed telephonic conversation with United States Secretary of State Marco Rubio, focusing on the escalating West Asia conflict and its broader implications for global energy security and economic stability. The discussion comes at a critical time when geopolitical tensions in the Gulf region are raising concerns among major economies dependent on stable crude oil supply chains.
According to Jaishankar, the conversation add
India’s External Affairs Minister S. Jaishankar on Monday held a detailed telephonic conversation with United States Secretary of State Marco Rubio, focusing on the escalating West Asia conflict and its broader implications for global energy security and economic stability. The discussion comes at a critical time when geopolitical tensions in the Gulf region are raising concerns among major economies dependent on stable crude oil supply chains.
According to Jaishankar, the conversation add
India has moved to strengthen its energy security as global tensions rise in West Asia, with Prime Minister Narendra Modi confirming that the country currently holds a strategic petroleum reserve of 53 lakh metric tonnes. Addressing the Lok Sabha, he also revealed plans to expand this reserve to 65 lakh metric tonnes in the near future.
India has moved to strengthen its energy security as global tensions rise in West Asia, with Prime Minister Narendra Modi confirming that the country currently holds a strategic petroleum reserve of 53 lakh metric tonnes. Addressing the Lok Sabha, he also revealed plans to expand this reserve to 65 lakh metric tonnes in the near future.
A major escalation in regional tensions unfolded on Wednesday after Iran’s South Pars gas field was struck, marking the first reported attack on the country’s Gulf energy infrastructure amid the ongoing U.S.-Israel conflict. The incident prompted Tehran to issue a strong warning, stating it would retaliate by targeting oil and gas installations across the Gulf region, raising fears of a broader confrontation affecting global energy security.
The strike had an immediate impact on internat
A major escalation in regional tensions unfolded on Wednesday after Iran’s South Pars gas field was struck, marking the first reported attack on the country’s Gulf energy infrastructure amid the ongoing U.S.-Israel conflict. The incident prompted Tehran to issue a strong warning, stating it would retaliate by targeting oil and gas installations across the Gulf region, raising fears of a broader confrontation affecting global energy security.
The strike had an immediate impact on internat
A series of drone attacks targeting the United Arab Emirates’ critical energy infrastructure has intensified concerns over prolonged supply disruptions as regional tensions linked to the Iran conflict continue to escalate. The incidents have struck key oil and gas facilities, disrupted shipping routes, and heightened volatility in global energy markets.
Operations at the Shah gas field, one of the world’s largest ultra-sour gas developments, remained suspended after a drone stri
A series of drone attacks targeting the United Arab Emirates’ critical energy infrastructure has intensified concerns over prolonged supply disruptions as regional tensions linked to the Iran conflict continue to escalate. The incidents have struck key oil and gas facilities, disrupted shipping routes, and heightened volatility in global energy markets.
Operations at the Shah gas field, one of the world’s largest ultra-sour gas developments, remained suspended after a drone stri
India’s External Affairs Minister S Jaishankar held extensive discussions with foreign ministers from the 27 member states of the European Union during a meeting of the Foreign Affairs Council in Brussels on Monday. The talks focused on key global developments, including the ongoing conflict in Ukraine, tensions in West Asia, evolving strategic dynamics in the Indo-Pacific region and the future trajectory of India-EU relations.
Jaishankar attended the meeting at the invitation of
India’s External Affairs Minister S Jaishankar held extensive discussions with foreign ministers from the 27 member states of the European Union during a meeting of the Foreign Affairs Council in Brussels on Monday. The talks focused on key global developments, including the ongoing conflict in Ukraine, tensions in West Asia, evolving strategic dynamics in the Indo-Pacific region and the future trajectory of India-EU relations.
Jaishankar attended the meeting at the invitation of
The ongoing conflict involving the United States, Israel and Iran has triggered what the International Energy Agency (IEA) describes as the largest disruption in the history of the global oil market, as tensions intensify around the Strait of Hormuz, one of the world’s most critical energy transit routes. In a report released on Thursday, the agency said oil and petroleum product flows through the strategic waterway have plunged sharply, raising serious concerns about global energy security
The ongoing conflict involving the United States, Israel and Iran has triggered what the International Energy Agency (IEA) describes as the largest disruption in the history of the global oil market, as tensions intensify around the Strait of Hormuz, one of the world’s most critical energy transit routes. In a report released on Thursday, the agency said oil and petroleum product flows through the strategic waterway have plunged sharply, raising serious concerns about global energy security
Prime Minister Narendra Modi on Thursday said the government is taking comprehensive steps to safeguard India’s energy security as global fuel markets face uncertainty due to the ongoing conflict in West Asia. Addressing the NXT Summit 2026 in New Delhi on March 12, the prime minister said India has adopted a holistic strategy to strengthen its energy sector and reduce vulnerability to global disruptions.
Modi said the country has significantly expanded its strategic petroleum reserve in r
Prime Minister Narendra Modi on Thursday said the government is taking comprehensive steps to safeguard India’s energy security as global fuel markets face uncertainty due to the ongoing conflict in West Asia. Addressing the NXT Summit 2026 in New Delhi on March 12, the prime minister said India has adopted a holistic strategy to strengthen its energy sector and reduce vulnerability to global disruptions.
Modi said the country has significantly expanded its strategic petroleum reserve in r
In a significant move amid the ongoing Middle East crisis, Japan has become the first G7 nation to announce the release of its strategic oil reserves. This decision comes in response to the geopolitical tensions affecting the global oil market and concerns over potential disruptions in the supply of crude oil. Japan's action is aimed at maintaining energy security and stabilizing oil prices, which have been fluctuating due to the crisis in the Middle East.
As one of the world's larg
In a significant move amid the ongoing Middle East crisis, Japan has become the first G7 nation to announce the release of its strategic oil reserves. This decision comes in response to the geopolitical tensions affecting the global oil market and concerns over potential disruptions in the supply of crude oil. Japan's action is aimed at maintaining energy security and stabilizing oil prices, which have been fluctuating due to the crisis in the Middle East.
As one of the world's larg
The relationship between Iran and India has long been defined by strategic patience, as Tehran maintains a nuanced and pragmatic approach to its ties with New Delhi. Despite India’s deepening defense relations with Israel and its comprehensive partnership with the United States, Iran has chosen to sustain its close relationship with India, recognizing the strategic value of energy ties and regional geopolitical balance.
In a recent phone conversation between External Affairs Minis
The relationship between Iran and India has long been defined by strategic patience, as Tehran maintains a nuanced and pragmatic approach to its ties with New Delhi. Despite India’s deepening defense relations with Israel and its comprehensive partnership with the United States, Iran has chosen to sustain its close relationship with India, recognizing the strategic value of energy ties and regional geopolitical balance.
In a recent phone conversation between External Affairs Minis
