A commercial vessel sailing through waters near the Strait of Hormuz was damaged after being struck by a drone-type projectile, triggering renewed concerns over the safety of one of the world’s most critical maritime trade routes. The Singapore-flagged cargo ship Ever Lovely was affected while transiting close to Oman’s maritime zone after exiting the narrow passage. Authorities confirmed the vessel sustained structural damage, but all crew members

The gathering in Dalian under the World Economic Forum’s “Summer Davos” platform brought together policymakers, business leaders and economists at a time when global growth signals are weakening. The discussions reflected a clear shift in tone: confidence in stable trade expansion is fading, replaced by concern over fragmentation and competing economic blocs. US–China

IRGC Issues Warning Over Strait of Hormuz Navigation Routes Iran’s Islamic Revolutionary Guard Corps Navy has issued a warning to vessels transiting the Strait of Hormuz, stating that ships must strictly follow navigation routes designated by Tehran. According to a statement carried by Iranian state media, any deviation from the approved lanes will be considered dan

India and the United States are edging closer to a structured trade agreement after fresh negotiations indicated reduced gaps on several contentious issues. US officials described the discussions as the most constructive phase so far, suggesting that a framework deal is now within reach, even though final clearance is still pending. The talks are part of a broader effort to establish a long-term Bilateral Trade Agreement aimed at improving market access, easing tariff friction, and stabilizing supply chain cooperation between the two economies. Tariff reduction and market access remain central issues At the core of the negotiations are tariff structures and access to each other’s markets. The United States is pushing for wider entry for industrial and agricultural goods, while India is focused on protecting sensitive domestic sectors while expanding export opportunities in technology, textiles, and pharmaceuticals. Both sides are trying to balance domestic political pressures with the need to expand bilateral trade volumes, which currently remain below their long-term potential despite strong economic ties. Digital trade and pharmaceutical rules under review A significant portion of the discussion is now centered on digital trade regulations and pharmaceutical standards. The US is seeking clearer digital data flow rules and stronger intellectual property protections, while India is prioritizing flexibility for its growing digital economy and affordable healthcare exports. Pharmaceutical trade remains a key pillar, with India seeking smoother regulatory pathways for generic drug exports, while the US is focusing on compliance and quality standard alignment. Strategic economic alignment driving urgency The urgency behind the negotiations is being shaped by global supply chain realignment and geopolitical competition. Both countries are increasingly aligning their trade policies within the Indo-Pacific framework, with an emphasis on reducing dependency on concentrated manufacturing hubs. India is positioning itself as an alternative global manufacturing base, while the US is looking to diversify sourcing and strengthen resilient supply networks. Next phase depends on unresolved policy gaps Despite visible progress, the agreement is not finalized. Several policy differences still need resolution, particularly around tariff ceilings, digital governance, and sector-specific protections. Officials from both sides are expected to continue technical-level discussions before moving toward a formalized trade framework. A final agreement timeline has not been confirmed, but momentum suggests continued acceleration in the coming months.

Alibaba challenges Pentagon designation in US court Alibaba Group has filed a federal lawsuit in San Jose challenging its inclusion on a US Defense Department blacklist that labels it as a “Chinese military company.” The company argues that the designation is unfounded, lacks proper legal basis, and was issued without adequate due process. The case adds further pressure to already strained relations betw

The visit of Sanae Takaichi to New Delhi marks a renewed phase in relations between Japan and India. Her meeting with

Doval and Wang Yi hold talks in New Delhi India’s National Security Adviser Ajit Doval and Chinese Foreign Minister Wang Yi held constructive and forward-looking talks in New Delhi on Monday, June 22,2026 ahead of the BRICS National Security Advisers’ meeting. Both sides reviewed recent developments in India China relations and noted progress toward gradual normalisation after years of strain following the 2020 border clashes in eastern L

Modi’s G7 Visit Highlights India’s Expanding Global Role Prime Minister Narendra Modi’s participation in the 2026 G7 Summit in Évian-les-Bains, France marked a significant moment in India’s global diplomacy, with discussions focusing on economic cooperation, emerging technologies, maritime security and global governance. India positioned itself as a key voice for the Global South while engaging clos

Oil Markets Fall After US-Iran Interim Agreement Global oil prices slipped in early trading on Thursday,June 18,2026 following the announcement of an interim agreement between the United States and Iran aimed at ending the conflict in the Middle East. The development has eased immediate concerns over supply disruptions through one of the world’s most critical energy corridors, the Strait of Hormuz.

Iran Reaffirms Post-Deal Position on Strait of Hormuz Iran has indicated that it will proceed with plans to impose charges on vessels passing through the Strait of Hormuz after the 60-day fee-free period outlined in its memorandum of understanding with the United States. The announcement comes amid growing uncertainty over the interpretation of the recently signed agreement aimed at stabilising maritime mov

U.S. President Donald Trump called Indian Prime Minister Narendra Modi a “tough negotiator” following their meeting at the 2026 G7 summit in Évian-les-Bains, France. The Trump-Modi G7 meeting on Wednesday, June 17, 2026, focused on U.S.-India trade negotiations, bilateral relations and the safety of Indian seafarers operating near the Strait of Hormuz. Trump-Modi G7 Meeting Focuses on Trade Speaking to reporters after the bilateral discuss

At the G7 summit in Evian, India placed maritime safety and the protection of seafarers at the center of global discussions. Prime Minister Narendra Modi raised concerns over rising risks faced by commercial shipping crews, particularly those operating through sensitive international sea lanes. He emphasized that disruptions at sea are no longer isolated incidents but a growing threat to global trade stability and human safety.

US Intelligence Flags Iran’s Strategic Leverage in Strait of Hormuz US intelligence agencies have assessed that Iran has gained significant leverage over the Strait of Hormuz following the recent conflict involving the United States and Israel, according to reports citing multiple sources. The assessment suggests that Tehran now holds the capability to disrupt or restrict movement through one of the world??

India-Canada Relations Strengthen at G7 Meeting Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney held detailed bilateral talks in Evian on the sidelines of the G7 Summit, focusing on strengthening cooperation across trade, energy, technology, education and defence. The meeting marked another step in improving ties between the two countries, with both leaders reviewing ongoing progress in

US-India Trade Deal Nears Final Stage The United States and India are approaching the final phase of a long-anticipated trade agreement, with officials indicating that negotiations are now in their “last mile” and could conclude within weeks. The development comes just ahead of a high-profile bilateral meeting between Prime Minister Narendra Modi and US President Donald Trump on the sidelines of the G7 s

India-US bilateral trade agreement talks will resume in India on Tuesday, June 23, 2026, and continue through Wednesday, June 24, 2026, as officials seek to complete the first phase of a proposed trade pact. A delegation from the Office of the United States Trade Representative is scheduled to meet Commerce and Industry Minister Piyush Goyal and other Indian officials. Commerce Secretary Rajesh Agrawal said the two sides expect to give final touches to the first tranche while contin

The G7 summit 2026 opened in Évian-les-Bains, France, with leaders gathering for discussions on global economic pressure, trade stability, artificial intelligence, energy security, climate action and geopolitical tensions. India’s participation has drawn major attention as Prime Minister Narendra Modi is expected to present New Delhi’s priorities before some of the world’s most influential economies. Although India is not a G7 membe

Prime Minister Narendra Modi arrived in Bratislava on a landmark visit to Slovakia, becoming the first Indian prime minister to travel to the country since it became independent in 1993. The visit is part of his three-nation European tour and comes at a time when India is working to deepen its political, economic and technology partnerships across Europe. During his two-day stay, Modi is scheduled to hold bilateral meetings with Slovak Pre

India and Russia are preparing to host the first INNOPROM International Industrial Technology Exhibition in India, marking a fresh push in their expanding economic and industrial partnership. The event is scheduled to take place from September 9 to 11 at Bharat Mandapam Exhibition and Convention Centre in New Delhi, bringing together manufacturers, investors, technology companies, industrial buyers and government representatives. The exhib

Treasury Refunds $22 Billion in Customs Duties The U.S. Treasury Department announced on Wednesday, June 10,2026 that it refunded $22 billion in customs duties during May, marking the first major round of repayments after the Supreme Court struck down President Donald Trump’s global tariff programme. The amount refunded matched the customs duties collected over the same period, effectiv