US sanctions on Chinese shipping companies and Friday’s attack on an Iranian tanker have turbo-charged transport costs, with rates on the Persian Gulf to China route at almost six times this year’s average. read more

It wasn’t clear if there were any injuries in the attacks in Buqyaq and the Khurais oil field, nor what effect it would have on oil production in the kingdom. read more

The Indian Air Force has raised concerns about an armed drone surviving in a contested air space like PoK or along the LAC. read more

There are 24 Indians in the crew of the Iranian tanker Grace 1, which was boarded by British marines off Gibraltar on July 4. British authorities detained the tanker on the suspicion that it was carrying oil to a refinery in Syria in contravention of... read more

The Revolutionary Guards said there had been no confrontation with foreign ships, including from the UK, in the past 24 hours, the semi-official Fars news reported. read more

Faced with serious attempt to squeeze its economic or strategic assets, Iran will respond in ways that can jeopardise maritime traffic in the Gulf. read more

India’s concerns about US threats of sanctions on the $5.2-billion deal to procure S-400 missile defence systems from Russia, trade-related differences, tensions in the Persian Gulf, and the Indo-Pacific figured in Pompeo’s discussions with Prime Minister... read more

The Indian warships will “reassure Indian flagged vessels” sailing through the area, spokesperson of the Indian Navy Captain D K Sharma said. India has deployed INS Chennai and INS Sunayna and maritime surveillance aircraft. read more

“We have deterred attacks based on our reposturing of assets, deterred attacks against American forces,” Shanahan said after the briefings. read more

It is likely that one country’s defensive move aimed at deterrence can be interpreted as an offensive move by the other read more

Two Saudi Arabia tankers were sabotaged off the UAE coast after US issued a new warning to sailors and the UAE’s regional allies saying that “Iran or its proxies” could be targeting maritime traffic. read more

Rose exports to Persian Gulf countries, Australia, Singapore and Malaysia have halved after the yield fell 20% due to heavy dew. read more

The Indian rupee Friday clocked its biggest single-day gain in over five years, surging by 100 paise to close at 72.45 against the US dollar on easing crude oil prices and possibility that the US might grant waivers to India from sanctions on Iranian... read more

Indian Oil Corp. and Bharat Petroleum Corp., the country’s two largest state-owned refiners, haven’t asked for any Iranian cargoes for loading in November, according to officials at the companies. read more

Indian PSUs, which last fiscal cut oil imports from Iran by a quarter, bought 5.67 million tonnes of crude oil from the Persian Gulf nation during April-June, higher than imports from Saudi Arabia. Imports from Iran were only second to Iraq. read more