Strait of Hormuz: News
Why India may cut tax on foreign bond investors
The Indian government is considering removing or slashing the 20% withholding tax on interest income from government bonds for foreign investors.
Why Iran blocking Bab el-Mandeb could be disastrous for world
Iran has threatened to block the Bab el-Mandeb Strait, a key global trade route.
Pakistan reimposes 8pm market curfew in Islamabad amid energy crisis
The Islamabad district administration has reintroduced early closing hours for businesses in the city, as part of new austerity measures.
Iran rejects Trump's 'victory' claim, says nuclear material not up
Iran has rejected United States President Donald Trump's claims about a potential peace deal.
No 'final determination': Trump's situation room meeting ends unresolved
A high-stakes two-hour meeting at the White House Situation Room between United States President Donald Trump and White House officials has ended without a final decision on a potential ceasefire.
'Final determination': Trump lists conditions for preliminary Iran deal
United States President Donald Trump has said he is making a "final determination" on a preliminary deal to extend a ceasefire with Iran.
Iran claims it shot down US drone amid Israel conflict
The Islamic Revolutionary Guard Corps (IRGC) of Iran has claimed that it shot down a United States MQ-9 drone and fired at a fighter jet.
US strikes Iranian missile sites amid Tehran-Doha talks
The United States military has conducted fresh strikes on southern Iran, targeting missile sites and boats suspected of laying mines.
Pakistan's Munir, Sharif in China for US-Iran mediation talks
Pakistan's Chief of Army Staff, General Asim Munir, is currently in Beijing with Prime Minister Shehbaz Sharif.
US, Iran could finalize deal 'maybe today', says Rubio
The United States and Iran are possibly on the verge of finalizing a deal to end the ongoing conflict in West Asia.
Trump asks Iran deal negotiators to take their time
United States President Donald Trump has asked negotiators to take their time in reaching a deal with Iran.
US, Iran reach preliminary agreement to end Middle East hostilities
The United States and Iran have reached a preliminary agreement to end hostilities in the Middle East. The deal would also lift the Iranian blockade on the Strait of Hormuz, a key global oil and gas passage, according to The New York Times.
India among countries with least increase in fuel prices: Government
India has witnessed one of the smallest increases in retail petrol and diesel prices among major economies, despite a sharp rise in global crude oil rates due to the Iran war and Strait of Hormuz disruption.
India's fuel price hike is 'smallest' among major economies
India has been able to shield its consumers from the full impact of the global oil crisis caused by the closure of the Strait of Hormuz.
Fuel prices may rise further if US-Iran war persists
Bharat Petroleum Corporation Ltd.'s (BPCL) HR Director Raj Kumar Dubey has warned that another increase in fuel prices may be unavoidable if global energy disruptions continue.
'Good news' in Iran-US crisis soon: Marco Rubio
United States Secretary of State Marco Rubio has hinted at a possible peace deal with Iran.
Iran to surrender enriched uranium in US peace deal: Report
Iran has agreed to surrender its stockpile of highly enriched uranium as part of a peace deal with the United States, The New York Times reported.
Hormuz closure could push oil markets into 'red zone': IEA
The closure of the Strait of Hormuz since March 4, 2026, has triggered a global oil shortage and impacted stock markets worldwide.
Trump vows to extract Iran's uranium after Khamenei bans transfer
United States President Donald Trump has vowed to seize and destroy Iran's stockpile of enriched uranium.
'Bibi's hair on fire': Trump-Netanyahu had tense call over Iran
United States President Donald Trump and Israeli Prime Minister Benjamin Netanyahu recently had a tense phone call about efforts to revive diplomacy with Iran.
US lays down 5 conditions to continue Iran peace talks
The United States has reportedly laid down five conditions to continue peace negotiations with Iran.
UAE: Drone strike hits Barakah Nuclear Power Plant
A drone strike caused a fire at the Barakah Nuclear Power Plant in Abu Dhabi, United Arab Emirates, on Sunday. The incident occurred in an electrical generator outside the plant's inner perimeter.
US Fed expected to hold interest rates steady through 2026
The US Federal Reserve is expected to change its easing bias at the next Federal Open Market Committee (FOMC) meeting and adopt a tightening stance through 2026.
Trump's 'calm before storm' post hints at fresh Iran strikes
United States President Donald Trump has hinted at possible military action against Iran, calling the current situation "the calm before the storm."
CNG prices hiked again, Delhi crosses ₹80/kg in 2 days
Indraprastha Gas Limited (IGL) has raised compressed natural gas (CNG) prices by ₹1 per kg across its network in Delhi-NCR.
European stocks fall steepest since March as oil prices spike
European stocks witnessed their steepest decline since March, with the Stoxx 600 index falling by 1.5% on Friday.
Trump may resume strikes on Iran if talks fail
United States President Donald Trump is reportedly considering a major decision on Iran.
Trump-Xi summit ends with no major trade breakthroughs
United States President Donald Trump has concluded a two-day summit with Chinese leader Xi Jinping in Beijing.
BRICS meet: Iran, UAE tensions over West Asia mar discussions
The BRICS foreign ministers' meeting in New Delhi has been marred by tensions between Iran and the United Arab Emirates (UAE) over the situation in West Asia.
Amid US-Israel conflict, PM Modi to visit UAE
Prime Minister Narendra Modi is set to visit the United Arab Emirates today, May 15, as part of a five-nation tour.
Airline tickets in Europe likely to become costlier: Here's why
The ongoing conflict in Iran has disrupted fuel supplies and driven up jet fuel prices, prompting warnings of higher airfares across Europe.
'Stop building your stockpiles': Ex-World Bank head to China
Former World Bank president David Malpass has urged China to stop stockpiling food and fertilizer amid a global supply crisis.
Iran's Araghchi eyes high-stakes talks in Delhi
Iranian Foreign Minister Abbas Araghchi will be visiting India this week for the BRICS Foreign Minister Summit.
Iran launches system to charge ships transiting Strait of Hormuz
Iran has launched the Persian Gulf Strait Authority (PGSA), a new body that will regulate and charge ships transiting the Strait of Hormuz.
Copper defies US-Iran war impact, nears record high
Copper is on a record-high trajectory as traders overlook the US-Iran conflict and focus on supply-demand dynamics.
'Think of WFH, don't buy gold': PM amid Mideast crisis
Prime Minister Narendra Modi has urged citizens to work from home to minimize fuel consumption and curb gold consumption amid ongoing global energy supply disruptions.
Trump calls Iran's ceasefire response 'totally unacceptable'
United States President Donald Trump has rejected Iran's ceasefire response, which was sent through Pakistani mediators.
US-Iran talks likely to resume in Pakistan next week: Report
The United States and Iran are likely to resume negotiations in Islamabad next week.
US probes suspicious $2.6B oil trades tied to Iran announcements
The US Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) are investigating over $2.6 billion in suspicious oil trades.
UAE air defenses responding to Iranian missile attack: Report
The United Arab Emirates (UAE) Ministry of Defence announced on Friday that its air defenses are "actively engaging" in response to a missile and drone attack.
US, Iran weigh ceasefire; Hormuz, nuclear talks remain unresolved
The United States and Iran are reportedly in talks over a short-term agreement that could lead to a ceasefire, the reopening of the Strait of Hormuz for commercial shipping, and further negotiations on Tehran's nuclear program.
PM calls Iran's Fujairah attack 'unacceptable' after 3 Indians injured
India has strongly condemned the recent attack on the Fujairah Petroleum Industries Zone in the United Arab Emirates (UAE) by Iran. The incident left three Indian nationals injured.