The CMA CGM container ship transited through Iranian waters via a new route. The vessel declared its French affiliation for safe passage.
The French president proposes a coalition of middle powers to protect against hegemony. He emphasizes the importance of independence in defense and energy.
India is participating in a British initiative to restore shipping through the blocked strait. More than 40 states are involved in the negotiations, without US participation.
Due to the threat of Iranian control, countries in the region are considering expanding their pipeline network. The projects are estimated to cost billions of dollars as a security measure.
The Philippines, Korea, and India have resumed purchases of raw materials from Russia due to the energy crisis. The US temporarily lifted restrictions amid rising Brent prices.
Attacks on the ports of Primorsk and Ust-Luga reduced Russian oil supplies to 2. 32 million barrels. Moscow's export revenues fell by more than $1 billion.
Billions of dollars for oil are stuck in Indian accounts due to limited currency conversion. India does not allow Russia to withdraw funds or buy assets.
The Chinese captain of the Boracay vessel was convicted for refusing to obey the military. The tanker was transporting sanctioned Russian oil and flying a false flag.
Petron Corp. refinery purchased 2.48 million barrels of oil from the Russian Federation due to the blockade of supplies from the Middle East. The country declared an energy emergency.
As a result of the Iranian attack, 11 people were killed and 178 were injured. UAE defense forces successfully destroyed 58 aerial targets within one day.
Tehran is introducing a new shipping order, banning the passage of US and Israeli vessels. Some companies are already paying millions for safe transit.
The Israeli Air Force destroyed IRGC Navy chief Alireza Tangsiri and intelligence chief Behnam Rezaei. Tangsiri was responsible for attacks on ships in the Strait of Hormuz.
Abbas Araghchi confirmed free passage for friendly countries through the strategic strait. The UN warns of a threat to global gas and fertilizer supplies.
The conflict in the Middle East has forced China, India, and other Asian countries to increase coal consumption. The region is building up capacity for energy security.
Philippine authorities are negotiating with major fertilizer exporters due to a 40% price increase. A potential shortage threatens rice harvests and banana exports.
Washington will allow foreign companies to operate in Venezuela due to oil shortages and the war. Experts predict only a gradual increase in production.
Sinopec and PetroChina are looking for cargoes from Russia due to shortage risks and favorable prices. Russian oil is cheaper than its counterparts from Brazil and West Africa.
Six Ukrainians were detained in India due to the lack of permits to enter Mizoram state. The embassy demands access to the citizens and their release.
The head of the IMO stated that it is impossible to fully protect tankers from Iranian attacks. Due to the closure of the strait, the price of Brent oil exceeded 100 dollars per barrel.
The price of a barrel of Urals in Indian ports reached $98. 93 after the US allowed the purchase of crude oil at sea. The discount on Russian oil fell to a minimum.
The US has eased restrictions on Russian oil to stabilize the market until April 11. Donald Trump promises to reinstate sanctions after the crisis in Iran is over.
Near the village of Shahid Lakhan, a bus plunged 150 meters into a ravine. Seven people died and nine others sustained injuries of varying severity in the accident.
Two Indian-flagged vessels successfully crossed the strategically important strait. The tankers Shivalik and Nanda Devi are transporting liquefied gas to the country.
The Tibetan government-in-exile is monitoring the risks of escalation in Iran. Penpa Tsering believes this could distract the US and give China an advantage in the region.
The Russian Federation is increasing the number of vessels under its flag due to the detention of tankers in the West. This creates conditions for sabotage and reconnaissance in the Baltic region.
An American submarine destroyed the frigate IRIS Dena off the coast of Sri Lanka, killing 80 sailors. The incident created diplomatic pressure on Indian Prime Minister Narendra Modi.
The escalation in the Middle East has brought Russia up to $1. 9 billion in 12 days. India and China are massively increasing their purchases of Russian raw materials in Asia.
Chris Wright stated the focus is on destroying Iran's military potential. The US will not ease sanctions against Russia and will abandon its uranium.
US senators accuse Trump of violating the law by allowing India to buy Russian oil. The Treasury Department calls it a temporary measure for the energy market.
A large-scale oil refinery will be built in Texas in cooperation with the Indian company Reliance. The project will create thousands of jobs and strengthen the energy sector.
