The global shipping industry is grappling with mounting financial strain as escalating conflict involving the United States, Israel, and Iran disrupts maritime traffic through the Strait of Hormuz. Within three days of hostilities and retaliatory strikes across the Gulf region, freight markets have recorded sharp increases in costs, with industry estimates pointing to potential losses amounting to tens of billions of dollars per day.
The Strait of Hormuz, a critical chokepoint for m
The global shipping industry is grappling with mounting financial strain as escalating conflict involving the United States, Israel, and Iran disrupts maritime traffic through the Strait of Hormuz. Within three days of hostilities and retaliatory strikes across the Gulf region, freight markets have recorded sharp increases in costs, with industry estimates pointing to potential losses amounting to tens of billions of dollars per day.
The Strait of Hormuz, a critical chokepoint for m
Canadian Prime Minister Mark Carney has announced a high-profile visit to India as part of a broader Indo-Pacific tour, in what officials describe as a significant step toward revitalizing bilateral relations that have faced strain in recent years. The visit, scheduled from February 26 to March 7, 2026, will also include stops in Australia and Japan, reflecting Ottawa’s strategic focus on strengthening partnerships across the Indo-Pacific region.
Carney’s itinerary begins in Mum
Canadian Prime Minister Mark Carney has announced a high-profile visit to India as part of a broader Indo-Pacific tour, in what officials describe as a significant step toward revitalizing bilateral relations that have faced strain in recent years. The visit, scheduled from February 26 to March 7, 2026, will also include stops in Australia and Japan, reflecting Ottawa’s strategic focus on strengthening partnerships across the Indo-Pacific region.
Carney’s itinerary begins in Mum
Oil prices climbed sharply on Wednesday, rising more than 4% as investors reacted to escalating tensions between the United States and Iran following the latest round of nuclear negotiations. Market sentiment shifted after U.S. Vice President JD Vance indicated that Tehran had failed to address key American demands and warned that military options remain under consideration.
U.S. West Texas Intermediate crude settled up $2.86, or 4.59%, at $65.19 per barrel, while global benchmark B
Oil prices climbed sharply on Wednesday, rising more than 4% as investors reacted to escalating tensions between the United States and Iran following the latest round of nuclear negotiations. Market sentiment shifted after U.S. Vice President JD Vance indicated that Tehran had failed to address key American demands and warned that military options remain under consideration.
U.S. West Texas Intermediate crude settled up $2.86, or 4.59%, at $65.19 per barrel, while global benchmark B
Ukrainian President Volodymyr Zelensky on Monday warned that Russia is expected to continue launching large-scale strikes targeting Ukraine’s energy infrastructure, citing fresh intelligence assessments. The warning comes amid ongoing hostilities in the Ukraine war, now approaching its fourth year, and underscores growing concerns in Kyiv about the resilience of the country’s power grid during continued missile and drone attacks.
Speaking about the latest intelligence findings, Zelensky
Ukrainian President Volodymyr Zelensky on Monday warned that Russia is expected to continue launching large-scale strikes targeting Ukraine’s energy infrastructure, citing fresh intelligence assessments. The warning comes amid ongoing hostilities in the Ukraine war, now approaching its fourth year, and underscores growing concerns in Kyiv about the resilience of the country’s power grid during continued missile and drone attacks.
Speaking about the latest intelligence findings, Zelensky
Russia has dismissed recent U.S. threats of tariffs on countries supplying oil to Cuba, while stating it is exploring ways to assist the Caribbean nation amid a deepening fuel shortage. Kremlin spokesperson Dmitry Peskov said the government seeks “constructive dialogue” with the United States regarding Cuba’s critical energy needs but stressed that public disputes over the matter are being avoided. He highlighted that Russia’s current trade with Cuba is limited, reducing the likelihood o
Russia has dismissed recent U.S. threats of tariffs on countries supplying oil to Cuba, while stating it is exploring ways to assist the Caribbean nation amid a deepening fuel shortage. Kremlin spokesperson Dmitry Peskov said the government seeks “constructive dialogue” with the United States regarding Cuba’s critical energy needs but stressed that public disputes over the matter are being avoided. He highlighted that Russia’s current trade with Cuba is limited, reducing the likelihood o
The Arctic, once considered remote and largely inaccessible, is emerging as a key area of global strategic interest. China has formally included its “Polar Silk Road” initiative within its broader Belt and Road strategy, signaling an expansion of influence in a region historically dominated by Arctic nations. By calling itself a “near-Arctic state,” Beijing is asserting that its economic and strategic interests extend well beyond its geographical borders, prompting concern from other glo
The Arctic, once considered remote and largely inaccessible, is emerging as a key area of global strategic interest. China has formally included its “Polar Silk Road” initiative within its broader Belt and Road strategy, signaling an expansion of influence in a region historically dominated by Arctic nations. By calling itself a “near-Arctic state,” Beijing is asserting that its economic and strategic interests extend well beyond its geographical borders, prompting concern from other glo
Syria and Saudi Arabia have signed a series of major economic and infrastructure agreements aimed at accelerating Syria’s post-war reconstruction and strengthening bilateral ties, marking one of the most significant rounds of cooperation between the two countries in recent years. Officials said the deals span aviation, telecommunications, energy, and development projects, with billions of dollars expected to flow into key sectors of the Syrian economy.
The agreements include the l
Syria and Saudi Arabia have signed a series of major economic and infrastructure agreements aimed at accelerating Syria’s post-war reconstruction and strengthening bilateral ties, marking one of the most significant rounds of cooperation between the two countries in recent years. Officials said the deals span aviation, telecommunications, energy, and development projects, with billions of dollars expected to flow into key sectors of the Syrian economy.
The agreements include the l
India's relationship with the Gulf Cooperation Council (GCC) nations is evolving into a major trade partnership. In 2024-25, the bilateral trade between India and the six-nation bloc reached a substantial $179 billion, driven by strong exports such as gems, metals, electronics, and chemicals. With an existing free trade pact with the UAE since 2022, and a recent agreement with Oman, India is now focused on formalizing a comprehensive free trade agreement (FTA) with the GCC. This new agreement
India's relationship with the Gulf Cooperation Council (GCC) nations is evolving into a major trade partnership. In 2024-25, the bilateral trade between India and the six-nation bloc reached a substantial $179 billion, driven by strong exports such as gems, metals, electronics, and chemicals. With an existing free trade pact with the UAE since 2022, and a recent agreement with Oman, India is now focused on formalizing a comprehensive free trade agreement (FTA) with the GCC. This new agreement
India and the United States are moving closer to concluding what officials describe as a landmark trade agreement, with External Affairs Minister S. Jaishankar indicating that the final details are being worked out and an announcement could come soon. Speaking at the conclusion of his visit to Washington on February 5, Jaishankar said negotiations had reached an advanced stage and expressed confidence that the pact would usher in a new phase of cooperation between the two countries.
India and the United States are moving closer to concluding what officials describe as a landmark trade agreement, with External Affairs Minister S. Jaishankar indicating that the final details are being worked out and an announcement could come soon. Speaking at the conclusion of his visit to Washington on February 5, Jaishankar said negotiations had reached an advanced stage and expressed confidence that the pact would usher in a new phase of cooperation between the two countries.
Russia has said it has not received any official confirmation from India that the country plans to halt purchases of Russian oil, a day after U.S. President Donald Trump claimed New Delhi agreed to scale back those imports as part of a new trade agreement with Washington.
Kremlin spokesperson Dmitry Peskov stated that Moscow had yet to hear directly from Indian authorities regarding any change in energy flows. While acknowledging the evolving relationship between the United States a
Russia has said it has not received any official confirmation from India that the country plans to halt purchases of Russian oil, a day after U.S. President Donald Trump claimed New Delhi agreed to scale back those imports as part of a new trade agreement with Washington.
Kremlin spokesperson Dmitry Peskov stated that Moscow had yet to hear directly from Indian authorities regarding any change in energy flows. While acknowledging the evolving relationship between the United States a
US President Donald Trump held an extended telephone conversation with Chinese President Xi Jinping on Wednesday, engaging in wide-ranging discussions that touched on trade ties, energy cooperation, agricultural purchases, and several pressing geopolitical concerns, according to remarks shared by the American leader.
Posting about the exchange on his social media platform, Trump described the dialogue as “excellent,” emphasizing that the call was both lengthy and substantive. He
US President Donald Trump held an extended telephone conversation with Chinese President Xi Jinping on Wednesday, engaging in wide-ranging discussions that touched on trade ties, energy cooperation, agricultural purchases, and several pressing geopolitical concerns, according to remarks shared by the American leader.
Posting about the exchange on his social media platform, Trump described the dialogue as “excellent,” emphasizing that the call was both lengthy and substantive. He
Prime Minister Narendra Modi on Monday welcomed a significant reduction in tariffs on Indian exports to the United States following an announcement by US President Donald Trump that the two countries had reached a bilateral trade agreement aimed at lowering reciprocal duties. Under the new arrangement, tariffs on Made in India products entering the US market will be reduced to 18%, marking a notable shift in trade relations between the two major economies.
The agreement also provide
Prime Minister Narendra Modi on Monday welcomed a significant reduction in tariffs on Indian exports to the United States following an announcement by US President Donald Trump that the two countries had reached a bilateral trade agreement aimed at lowering reciprocal duties. Under the new arrangement, tariffs on Made in India products entering the US market will be reduced to 18%, marking a notable shift in trade relations between the two major economies.
The agreement also provide
In a significant development affecting global trade and energy policy, United States President Donald Trump announced a bilateral trade agreement with Indian Prime Minister Narendra Modi following a direct telephone conversation on Monday. According to an official post shared by the US Ambassador to India on social media, the leaders discussed a range of strategic and economic issues, culminating in an accord that reduces key economic barriers between the two countries.
In his publi
In a significant development affecting global trade and energy policy, United States President Donald Trump announced a bilateral trade agreement with Indian Prime Minister Narendra Modi following a direct telephone conversation on Monday. According to an official post shared by the US Ambassador to India on social media, the leaders discussed a range of strategic and economic issues, culminating in an accord that reduces key economic barriers between the two countries.
In his publi
Prime Minister Narendra Modi on Friday held a conversation with Venezuela’s Acting President Delcy Rodríguez, reaffirming India’s intention to deepen and expand cooperation across multiple sectors. The discussion marks a significant diplomatic engagement nearly a month after former Venezuelan President Nicolás Maduro was removed from power and taken into United States custody following a high-profile military operation.
In a message shared on social media, Modi said both sides
Prime Minister Narendra Modi on Friday held a conversation with Venezuela’s Acting President Delcy Rodríguez, reaffirming India’s intention to deepen and expand cooperation across multiple sectors. The discussion marks a significant diplomatic engagement nearly a month after former Venezuelan President Nicolás Maduro was removed from power and taken into United States custody following a high-profile military operation.
In a message shared on social media, Modi said both sides
Ukrainian President Volodymyr Zelenskyy has stated that Ukraine expects to become a member of the European Union in 2027, underlining that a clear accession timeline must be part of any future peace agreement. Speaking during a joint press conference with the presidents of Lithuania and Poland in Vilnius on Tuesday, Zelenskyy stressed that a fixed date for EU membership would serve as a crucial security guarantee for Ukraine and reduce the risk of political or procedural delays in the accession process.
The president said that Ukraine’s integration into the European Union is not only a strategic objective for Kyiv but also an essential element of long-term stability for the continent. According to Zelenskyy, a defined accession date would reinforce confidence among international partners and help anchor Ukraine firmly within Europe’s political, economic, and security framework at a time when the country continues to face sustained military pressure from Russia.
Zelenskyy also held a telephone conversation with Austrian Chancellor Christian Stocker, during which the two leaders discussed Ukraine’s path toward EU membership and the worsening energy situation caused by repeated Russian attacks. Ukraine’s energy infrastructure has been targeted extensively in recent months, resulting in widespread disruptions to electricity and heating supplies across several regions.
In a statement shared on social media, Zelenskyy said the daily strikes on energy facilities were aimed at leaving millions of Ukrainians without basic services, particularly during critical periods. He welcomed Austria’s recent decision to allocate financial assistance to support Ukraine’s energy sector, calling the move an important signal of solidarity. The discussion also covered additional measures that could help stabilize and protect Ukraine’s power system against ongoing attacks.
Beyond energy concerns, Zelenskyy briefed the Austrian chancellor on recent trilateral discussions involving Ukrainian, American, and Russian representatives that took place in the United Arab Emirates. Those talks, he noted, focused primarily on military matters and potential security guarantees, reflecting continued diplomatic efforts to address the broader conflict.
Reiterating his position on European integration, Zelenskyy said that Ukraine’s EU membership would strengthen not only national security but also Europe’s collective resilience. He argued that Ukraine brings significant security, technological, and economic capabilities that would contribute positively to the European Union as a whole. For this reason, he emphasized the importance of setting 2027 as a concrete target and expressed confidence that partner nations would support this goal.
Zelenskyy also extended an invitation to Chancellor Stocker to visit Ukraine for in-person discussions, signaling Kyiv’s intention to maintain active diplomatic engagement despite the ongoing war.
Meanwhile, Russian attacks continued to take a toll on civilians. Ukrainian regional authorities reported multiple fatalities following drone strikes and shelling in several areas. In the southern port city of Odesa, a drone barrage resulted in two deaths and left dozens of people injured. In eastern Donetsk region, a couple aged 45 and 48 were killed in the city of Sloviansk, while a 58-year-old resident was killed in a drone strike on a home in the Zaporizhzhia region. Another civilian, a 72-year-old woman, died in her home in the southern Kherson region as a result of shelling.
As the conflict persists, Ukrainian officials continue to frame EU accession as a central pillar of the country’s future security and recovery, linking political integration with Europe to broader efforts to end the war and rebuild national resilience.
Ukrainian President Volodymyr Zelenskyy has stated that Ukraine expects to become a member of the European Union in 2027, underlining that a clear accession timeline must be part of any future peace agreement. Speaking during a joint press conference with the presidents of Lithuania and Poland in Vilnius on Tuesday, Zelenskyy stressed that a fixed date for EU membership would serve as a crucial security guarantee for Ukraine and reduce the risk of political or procedural delays in the accession process.
The president said that Ukraine’s integration into the European Union is not only a strategic objective for Kyiv but also an essential element of long-term stability for the continent. According to Zelenskyy, a defined accession date would reinforce confidence among international partners and help anchor Ukraine firmly within Europe’s political, economic, and security framework at a time when the country continues to face sustained military pressure from Russia.
Zelenskyy also held a telephone conversation with Austrian Chancellor Christian Stocker, during which the two leaders discussed Ukraine’s path toward EU membership and the worsening energy situation caused by repeated Russian attacks. Ukraine’s energy infrastructure has been targeted extensively in recent months, resulting in widespread disruptions to electricity and heating supplies across several regions.
In a statement shared on social media, Zelenskyy said the daily strikes on energy facilities were aimed at leaving millions of Ukrainians without basic services, particularly during critical periods. He welcomed Austria’s recent decision to allocate financial assistance to support Ukraine’s energy sector, calling the move an important signal of solidarity. The discussion also covered additional measures that could help stabilize and protect Ukraine’s power system against ongoing attacks.
Beyond energy concerns, Zelenskyy briefed the Austrian chancellor on recent trilateral discussions involving Ukrainian, American, and Russian representatives that took place in the United Arab Emirates. Those talks, he noted, focused primarily on military matters and potential security guarantees, reflecting continued diplomatic efforts to address the broader conflict.
Reiterating his position on European integration, Zelenskyy said that Ukraine’s EU membership would strengthen not only national security but also Europe’s collective resilience. He argued that Ukraine brings significant security, technological, and economic capabilities that would contribute positively to the European Union as a whole. For this reason, he emphasized the importance of setting 2027 as a concrete target and expressed confidence that partner nations would support this goal.
Zelenskyy also extended an invitation to Chancellor Stocker to visit Ukraine for in-person discussions, signaling Kyiv’s intention to maintain active diplomatic engagement despite the ongoing war.
Meanwhile, Russian attacks continued to take a toll on civilians. Ukrainian regional authorities reported multiple fatalities following drone strikes and shelling in several areas. In the southern port city of Odesa, a drone barrage resulted in two deaths and left dozens of people injured. In eastern Donetsk region, a couple aged 45 and 48 were killed in the city of Sloviansk, while a 58-year-old resident was killed in a drone strike on a home in the Zaporizhzhia region. Another civilian, a 72-year-old woman, died in her home in the southern Kherson region as a result of shelling.
As the conflict persists, Ukrainian officials continue to frame EU accession as a central pillar of the country’s future security and recovery, linking political integration with Europe to broader efforts to end the war and rebuild national resilience.
United States Treasury Secretary Scott Bessent has accused European nations of indirectly financing Russia’s war in Ukraine by purchasing refined oil products originating from Russian crude processed in India. His remarks come amid ongoing geopolitical tensions over energy trade and sanctions linked to the conflict in Eastern Europe.
In an interview aired on Sunday, Bessent alleged that while European leaders publicly condemn Russia’s actions in Ukraine, their trade practices ar
United States Treasury Secretary Scott Bessent has accused European nations of indirectly financing Russia’s war in Ukraine by purchasing refined oil products originating from Russian crude processed in India. His remarks come amid ongoing geopolitical tensions over energy trade and sanctions linked to the conflict in Eastern Europe.
In an interview aired on Sunday, Bessent alleged that while European leaders publicly condemn Russia’s actions in Ukraine, their trade practices ar
External Affairs Minister S Jaishankar on Tuesday said he held a constructive and wide-ranging discussion with United States Secretary of State Marco Rubio, focusing on key areas of bilateral and strategic cooperation between the two countries. The conversation reflected the ongoing engagement between New Delhi and Washington as both sides continue to strengthen ties across multiple sectors of mutual interest.
In a message shared on social media platform X, Jaishankar described the interaction as a “good conversation,” noting that the talks covered important subjects including trade, critical minerals, nuclear cooperation, defence collaboration and energy security. These areas have emerged as central pillars of the evolving India-US partnership, particularly in the context of shifting global economic and geopolitical dynamics.
The discussion on trade and economic engagement comes at a time when both countries are exploring ways to deepen supply chain resilience and expand market access. Cooperation on critical minerals has gained added importance amid global efforts to secure resources essential for advanced manufacturing, clean energy technologies and strategic industries. Nuclear cooperation and defence ties were also part of the agenda, underscoring the growing convergence in security interests and technological collaboration.
Energy cooperation featured prominently in the talks, reflecting shared priorities related to energy security, sustainability and long-term growth. India and the United States have increasingly worked together on conventional and clean energy initiatives, including efforts to address climate challenges while meeting rising energy demands.
Jaishankar said both sides agreed to remain in close touch on these and other issues, signalling continuity in diplomatic engagement and policy coordination. The exchange highlights the emphasis placed by both governments on maintaining regular dialogue to address global challenges, regional stability and economic opportunities.
The conversation forms part of ongoing diplomatic efforts to reinforce the strategic partnership between India and the United States, which continues to expand across political, economic and security domains.
External Affairs Minister S Jaishankar on Tuesday said he held a constructive and wide-ranging discussion with United States Secretary of State Marco Rubio, focusing on key areas of bilateral and strategic cooperation between the two countries. The conversation reflected the ongoing engagement between New Delhi and Washington as both sides continue to strengthen ties across multiple sectors of mutual interest.
In a message shared on social media platform X, Jaishankar described the interaction as a “good conversation,” noting that the talks covered important subjects including trade, critical minerals, nuclear cooperation, defence collaboration and energy security. These areas have emerged as central pillars of the evolving India-US partnership, particularly in the context of shifting global economic and geopolitical dynamics.
The discussion on trade and economic engagement comes at a time when both countries are exploring ways to deepen supply chain resilience and expand market access. Cooperation on critical minerals has gained added importance amid global efforts to secure resources essential for advanced manufacturing, clean energy technologies and strategic industries. Nuclear cooperation and defence ties were also part of the agenda, underscoring the growing convergence in security interests and technological collaboration.
Energy cooperation featured prominently in the talks, reflecting shared priorities related to energy security, sustainability and long-term growth. India and the United States have increasingly worked together on conventional and clean energy initiatives, including efforts to address climate challenges while meeting rising energy demands.
Jaishankar said both sides agreed to remain in close touch on these and other issues, signalling continuity in diplomatic engagement and policy coordination. The exchange highlights the emphasis placed by both governments on maintaining regular dialogue to address global challenges, regional stability and economic opportunities.
The conversation forms part of ongoing diplomatic efforts to reinforce the strategic partnership between India and the United States, which continues to expand across political, economic and security domains.
The United States sharply criticised Russia on Monday, January 12, for its use of a nuclear-capable Oreshnik ballistic missile in Ukraine, describing the launch as a dangerous and unjustified escalation of the ongoing conflict. The condemnation was delivered during an emergency meeting of the United Nations Security Council convened to address the latest developments in the war.
Addressing the council, US Deputy Ambassador to the United Nations Tammy Bruce said Russia’s decision t
The United States sharply criticised Russia on Monday, January 12, for its use of a nuclear-capable Oreshnik ballistic missile in Ukraine, describing the launch as a dangerous and unjustified escalation of the ongoing conflict. The condemnation was delivered during an emergency meeting of the United Nations Security Council convened to address the latest developments in the war.
Addressing the council, US Deputy Ambassador to the United Nations Tammy Bruce said Russia’s decision t
Sergio Gor formally assumed charge as the United States Ambassador to India on Monday, marking the beginning of a new diplomatic chapter between the two countries. Speaking shortly after taking office, Gor described the relationship between India and the United States as the most consequential global partnership of the century, underlining its growing importance across economic, strategic, and technological domains. He confirmed that fresh trade negotiations between the two sides are schedule
Sergio Gor formally assumed charge as the United States Ambassador to India on Monday, marking the beginning of a new diplomatic chapter between the two countries. Speaking shortly after taking office, Gor described the relationship between India and the United States as the most consequential global partnership of the century, underlining its growing importance across economic, strategic, and technological domains. He confirmed that fresh trade negotiations between the two sides are schedule
In a significant indication of easing tensions between Washington and Caracas, US President Donald Trump announced on Friday that he has cancelled a planned second wave of military attacks on Venezuela, citing the release of political prisoners and increased cooperation on rebuilding the country’s oil and gas sector. The decision follows recent developments that the US president described as constructive gestures by Venezuelan authorities aimed at de-escalation.
Trump said the mov
In a significant indication of easing tensions between Washington and Caracas, US President Donald Trump announced on Friday that he has cancelled a planned second wave of military attacks on Venezuela, citing the release of political prisoners and increased cooperation on rebuilding the country’s oil and gas sector. The decision follows recent developments that the US president described as constructive gestures by Venezuelan authorities aimed at de-escalation.
Trump said the mov
