Washington, April 6 – Global energy markets and supply chains are coming under pressure as tensions over Iran and the Strait of Hormuz escalate, with oil prices rising sharply and fears mounting over disruptions to one of the world’s most critical shipping routes.Oil prices climbed after US...
Singapore, March 26 With the Strait of Hormuz almost closed amid the ongoing war in the Gulf region, merchant vessels, including oil tankers, have started to queue up at ports across Asia while operators wait for clarity, a media report said on Thursday.Sourcing data that showed longer queues...
Coimbatore, March 9 – The ongoing conflict in West Asia and the disruption of maritime traffic through the Strait of Hormuz have begun to impact India's textile sector, with prices of polyester fiber rising sharply in the past week.According to industry representatives, the price of polyester...
freight charges
gulf countries
india
logistics costs
maritime traffic
polyester fiber
shippingdisruption
strait of hormuz
supply chain
synthetic fabric
textile exports
textile industry
united arab emirates
west asia
yarn production
As Operation Epic Fury, led by the US and Israel, enters its tenth day, Iran has appointed a new Supreme Leader. State media reports that Mojtaba Khamenei will succeed his father, Ayatollah Ali Khamenei, who was killed at his compound in Tehran during the initial US and Israeli strikes. Israel...
abu dhabi
air campaign
ayatollah ali khamenei
drone warfare
iran
israel
military conflict
missile defense
mojtaba khamenei
regional security
shippingdisruption
strait of hormuz
tehran
united states
west asia
New Delhi, March 5 Prolonged disruptions to shipping through the Strait of Hormuz beyond a week could quickly affect energy markets, fertiliser supplies, industrial inputs, construction materials, and export sectors such as diamonds, according to a think tank, GTRI.The Strait of Hormuz is a...
New Delhi, March 5 Rice exporters on Thursday sought urgent relief measures from the government, such as waivers on port-related charges and payment adjustments, to deal with the crisis following the joint attack by the US and Israel on Iran.They have requested waivers on port-related charges...
cargo redirection
container shortage
customs support
freight costs
india
insurance premiums
iran crisis
port charges
rbi (reserve bank of india)
rice export
rice market
shippingdisruption
vessel cancellations
war-risk surcharge
working capital
According to Crisil Ratings, a prolonged war in the Middle East could adversely affect several Indian sectors with direct trade exposure to the region, including basmati rice, fertilizers, diamond polishing, airlines, and travel operators.The rating agency said that sectors dependent on...
Kolkata, March 1 An association of Indian rice exporters advised its members to avoid new "cost, insurance, and freight" commitments to Iran and Gulf destinations, amid the deteriorating geopolitical situation in West Asia and the potential for restrictions on shipping through the Strait of...