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

Iran’s Deputy Foreign Minister Majid Takht-Ravanchi on Thursday rejected allegations that Iranian forces were laying mines in the Strait of Hormuz, a crucial global shipping route, stating that the claims were inaccurate and misleading. His remarks came days after the United States said it had carried out strikes against Iranian vessels allegedly involved in placing mines in the strategic waterway. Responding to questions about the accusations, Takht-Ravanchi said Iran had not engaged in s

Iran’s newly appointed Supreme Leader Mojtaba Khamenei delivered a strong and defiant message in his first public statement since assuming the country’s highest leadership position, warning that Iran will continue responding to what it describes as hostile actions by the United States and its allies. In the message broadcast on state television on Thursday, March 12, Khamenei vowed revenge for what he called crimes committed against Iran and signaled that attacks linked to ongoing regional t

A crude oil tanker captained by an Indian reached Mumbai after a

Tensions across the Middle East escalated sharply on Thursday as the ongoing Iran-Israel conflict intensified with new drone and missile attacks reported across several locations in the region. Iranian authorities claimed responsibility for launching drone strikes targeting Israel’s Shin Bet headquarters in Tel Aviv as well as the Palmachim and Ovda air bases, signalling a significant escalation in hostilities between the two countries. Israeli officials confirmed that missiles we

The ongoing conflict between Iran and the joint front of Israel and the United States entered its 12th day on Wednesday, with renewed missile strikes and escalating regional tensions across the Middle East. Iranian forces launched fresh missile attacks targeting central Israel before dawn, triggering air raid sirens in several cities. Israeli air defence systems responded swiftly and intercepted incoming rockets, preventing major damage and casualties, according to preliminary reports. At th

A Thai-flagged cargo ship, Mayuree Naree, sailing toward Gujarat, was attacked in the Strait of Hormuz on March 11, 2026. The vessel was struck by an unidentified projectile approximately 11 nautical miles off the northern coast of Oman, sparking a fire on board. The incident prompted a swift rescue operation by the Omani navy, which successfully evacuated 20 of the 23 crew members, while three remained aboard. According to maritime security sources, the attack occurred in

Global oil prices fell sharply on Tuesday after the United States confirmed that a naval escort ensured the safe passage of an oil tanker through the Strait of Hormuz, a critical shipping lane for the world’s energy markets. The announcement helped calm investors who had been reacting to escalating geopolitical tensions and fears of a major oil supply disruption linked to the ongoing Iran conflict. U.S. crude oil dropped around 15 percent to $79.96 per barrel, while Brent crude, t

In a groundbreaking development, researchers at Flinders University in Australia have unveiled a biodegradable plastic-like film made from milk protein. This innovative material, designed for food packaging, can break down entirely in soil within just 13 weeks, offering a potential eco-friendly alternative to traditional single-use plastics that are a major contributor to global pollution. The biodegradable material, created using calcium caseinate, a protein derived from milk, is c

The escalating tensions around the Strait of Hormuz are raising serious concerns for global energy markets, with analysts warning that the liquefied natural gas sector could be more severely affected than crude oil if the shipping route remains disrupted. While oil shipments have been partially redirected through alternative pipelines, LNG faces unique challenges due to its dependence on specialized tankers and highly centralized production, particularly in Qatar. Roughly 20 percent o

Global crude oil prices have surged past $110 per barrel as escalating tensions in the Gulf region shake energy markets worldwide. The sharp increase has triggered concerns about potential supply disruptions, particularly through the Strait of Hormuz, one of the most critical oil transit routes globally. The sudden spike represents the biggest jump in crude prices since 2020 and has raised fears about its possible ripple effects on economies that depend heavily on imported oil. Desp

Global oil markets experienced unprecedented volatility this week as escalating tensions in the Middle East disrupted key energy supply routes and triggered the largest weekly surge in U.S. crude futures since trading began in 1983. The sharp rise in oil prices reflects growing concerns among investors and governments that prolonged conflict in the region could severely affect global fuel supply chains and economic stability. West Texas Intermediate crude futures climbed sharply on

Rising tensions between the United States and Iran are creating new uncertainty in global energy markets as the administration of President Donald Trump considers deploying the US Navy to escort commercial oil tankers through the strategically vital Strait of Hormuz. The move is being discussed as shipping traffic through the narrow waterway has slowed dramatically following recent attacks on tankers, raising concerns about the stability of global oil supply. The Strait of Hormuz is one of t

The conflict between Iran, the United States, and Israel has intensified sharply, with the death toll from ongoing airstrikes reaching at least 1,230 since Saturday. The latest developments mark a significant escalation in the Middle East conflict, raising fears of wider regional instability and disruptions to global energy supply routes. In parallel with the strikes targeting Iran, the Israeli military has issued evacuation orders for the southern suburbs of Beirut, a densely popul

Scientists at the Massachusetts Institute of Technology (MIT) have developed a groundbreaking approach to treating liver failure with the creation of injectable "satellite livers." These tiny engineered liver tissues, which combine liver cells (hepatocytes) with hydrogel microspheres, offer a potential solution to the global shortage of donor livers. Instead of undergoing a complex transplant surgery, patients could receive these miniature tissue grafts as an injectable treatment that assists

In a tragic incident, two Indian Air Force pilots were killed after their Sukhoi Su-30 MKI fighter jet crashed in the Karbi Anglong district of Assam. The aircraft, which was on a routine training mission, went missing shortly after taking off from the Jorhat airbase, located about 60 km away from the crash site. The missing jet was reported to have lost contact with the control tower at approximately 7:42 pm, and it was later discovered to have crashed in a remote, hilly region. Residents of

The United States and Israel have intensified military operations against Iran, with reports indicating that at least 1,045 people have been killed since the escalation began on Saturday. The strikes mark one of the most severe confrontations in the region in recent years, raising fears of a broader Middle East crisis. At the same time, Israeli forces have carried out additional military actions in Lebanon, further expanding the scope of the conflict and increasing concerns about regional sta

In response to the escalating crisis in the Middle East, Russia is preparing to ship 9.5 million barrels of crude oil to India. This move comes as India faces severe supply disruptions, particularly after Iranian attacks targeted vessels in the Strait of Hormuz, a critical oil route that handles 40% of India's crude imports. The current geopolitical tensions have left India vulnerable, as its crude stocks cover only about 25 days of demand, and inventories of refined products like gasoline, g

Amid escalating geopolitical tensions in West Asia and growing concerns over potential disruptions in the Strait of Hormuz, government sources have reassured citizens that India’s oil reserves and fuel stocks remain sufficient, urging the public not to panic or hoard essential petroleum products. Officials said the country currently maintains around 25 days of crude oil and petroleum products, including petrol and diesel, ensuring stability in the event of short-term supply disruptions. Liq