Strait of Hormuz, Oil prices
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Oil falls
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Israel says it killed Iran's top security official Ali Larijani, as America's European allies reject President Trump's demands for help in the Strait of Hormuz.
Disruption to the Strait of Hormuz has tightened global vessel supply, lifting freight and energy costs across the iron ore supply chain. Read more here.
Addressing the issue of supply of fuels to neighbouring countries, Randhir Jaiswal, MEA spokesperson noted that India has received these requests and is examining those requests keeping in mind the country’s own requirements and availability.
Tensions rise as the Iran, United States, and Israel conflict enters its 17th day. Critical energy routes and civilian infrastructure face threats. Drone and missile attacks spread across the Gulf, Israel,
"Responding to coastal launch sites as they emerge would require coordinated strike operations ashore and perhaps marines — the latter a clear escalation risk."