OPEC cuts oil demand outlook as Hormuz disruption persists
LONDON, U. K. : OPEC cut its forecast for global oil demand growth in 2026 on May 13, citing the impact of the Iran war and the disruption of energy supplies through the Strait of Hormuz.
Source: Iran Herald ▾
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"2 LPG carrier vessels crossed Strait of Hormuz, expected to arrive at Kandla Port on May 16": Shipping Ministry
New Delhi [India], May 14 (ANI): The Ministry of Ports, Shipping and Waterways on Thursday confirmed that two LPG carrier vessels bound for India have safely passed through the Strait of Hormuz, even as an Indian sailing vessel reportedly sank following an incident in Omani waters amid the West Asia conflict.
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President Trump has "good meeting" with Chinese President; US, China agree that Strait of Hormuz "must remain open"
Washington DC [US]/ Beijing [China], May 14 (ANI): US President Donald Trump had a 'good meeting' with Chinese President Xi Jinping in Beijing on Thursday, with the two sides agreeing that the Strait of Hormuz 'must remain open to support the free flow of energy'.
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India bans sugar exports until September
The decision comes amid a surge in global prices and concerns over lower domestic production India has banned exports of sugar for the next five months to keep prices in check amid a global rally in the commodity. New Delhi said in an announcement late on Wednesday that the measure will remain in force until September 30.
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"World increasingly complicated and uncertain": Jaishankar calls for reformed multilateralism at BRICS meet
New Delhi [India], May 14 (ANI): Amidst a period of profound global transformation, New Delhi has taken centre stage as the diplomatic heartbeat of the Global South, hosting a landmark assembly of emerging powers. The gathering serves as a decisive platform for navigating the complexities of a shifting world order, reinforcing India's role as a pivotal bridge in international statecraft.
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US intel fears Iran war handed China strategic advantage WaPo
Beijing has used the conflict to reach out to the Gulf and Indo-Pacific nations while gaining a better understanding of the US military, the newspaper says The US-Israeli war against Iran has handed China a strategic opening to chip away at US influence on every major front, the Washington Post reported on Wednesday, citing a classified intelligence analysis.
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US intel fears Iran war handed China strategic advantage - WaPo
Beijing has used the conflict to reach out to the Gulf and Indo-Pacific nations while gaining a better understanding of the US military, the newspaper says The US-Israeli war against Iran has handed China a strategic opening to chip away at US influence on every major front, the Washington Post repo
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Gulf states attacked Iraq amid waning faith in US Reuters
Saudi Arabia and Kuwait reportedly struck militia targets after attacks linked to the Iran conflict Saudi Arabia and Kuwait conducted covert strikes on targets in Iraq linked to Iranian-backed paramilitary groups during the Middle East war, Reuters reported on Wednesday.
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PM Modi meets Russian, Iranian, Brazilian and other BRICS foreign ministers
New Delhi [India], May 14 (ANI): Prime Minister Narendra Modi on Thursday met several foreign ministers attending the BRICS Foreign Ministers' Meeting in New Delhi, including Russian Foreign Minister Sergey Lavrov, Iranian Foreign Minister Abbas Araghchi, South African Foreign Minister Ronald Lamola and Brazilian Foreign Minister Mauro Vieira.
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"Strait of Hormuz open to all commercial ships, but must cooperate with our Navy": Iranian FM Araghchi
New Delhi [India], May 14 (ANI): Iranian Foreign Minister Seyyed Abbas Araghchi on Thursday said that the Strait of Hormuz remains open to all commercial vessels, while stressing that ships must coordinate with Iranian naval forces to pass through the strategic waterway amid heightened regional tensions and what Tehran describes as an 'illegal blockade' imposed by the United States on its ports.
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Rupee to depreciate more if the conflict continues to linger: Report
New Delhi [India], May 14 (ANI): The Indian rupee could face further depreciation if the West Asia conflict continues for a prolonged period, with higher crude oil prices likely to keep pressure on India's economy and external balances, according to an ICICI Bank research report.
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India condemns attack on Indian-flagged ship off Oman coast, crew safe
New Delhi [India], May 14 (ANI): India on Thursday condemned a recent attack on an Indian-flagged commercial vessel off the coast of Oman, calling the incident 'unacceptable' and reiterating the importance of safeguarding freedom of navigation and civilian maritime activity amid the conflict in West Asia.
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Iran's FM calls on BRICS to "unequivocally condemn violations of international law" by US, Israel amid West Asia conflict
New Delhi [India], May 14 (ANI): Iranian Foreign Minister Seyyed Abbas Araghchi on Thursday called on BRICS member states and members from the international community to 'unequivocally condemn violations of international law' by the United States and Israel, which come against the backdrop of the escalating tensions and recent conflict in West Asia.
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"PM Modi capable of dealing with any crisis": Haryana minister urges people not to panic following PM Modi's appeals
Panchkula (Haryana) [India], May 14 (ANI): Haryana minister Arvind Kumar Sharma on Thursday said that people should not panic over global crises and expressed confidence in Prime Minister Narendra Modi's leadership to deal with any situation following PM's appeal to conserve fuel amid the ongoing West Asia crisis.
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Xi warns Trump over Taiwan
A standoff over the island could put the two nations into a very dangerous situation, the Chinese leader has said Chinese leader Xi Jinping has warned US President Donald Trump that a standoff over Taiwan could push the two countries into "a very dangerous situation," describing it as the single most important issue in bilateral relations.
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Gulf Cooperation Council banks may shift to private loans amid West Asia conflict: Fitch Ratings
New Delhi [India], May 14 (ANI): Banks across the Gulf Cooperation Council (GCC) are likely to shift their focus toward private placements and syndicated loans if the conflict involving Iran continues, according to a recent report from Fitch Ratings. 'GCC banks are likely to make greater use of private placements and syndicated loans if the Iran conflict persists,' it noted.
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Difference in opinion in US clan as Rubio calls for "more active role" for China to open Hormuz, as Trump downplays need for Beijing's help
Washington DC [US], May 14 (ANI): A divergence in tone has emerged within the United States leadership over China's role in managing tensions around the Strait of Hormuz and the border conflict in West Asia, with Secretary of State Marco Rubio urging Beijing to take a more active diplomatic role to
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BRICS Foreign Minister meet gets underway in Delhi, EAM Jaishankar meets Lavrov, Araghchi and others
New Delhi [India], May 14 (ANI): External Affairs Minister S Jaishankar on Thursday joined Russian Foreign Minister Sergey Lavrov, Iranian Foreign Minister Abbas Araghchi, Indonesian Foreign Minister Sugiono and other senior leaders for a family photo during the BRICS Foreign Ministers' Meeting at Bharat Mandapam.
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EAM Jaishankar welcomes Russian FM Sergey Lavrov at BRICS Foreign Ministers' meeting
New Delhi [India], May 14 (ANI): External Affairs Minister S Jaishankar on Thursday welcomed Russian Foreign Minister Sergey Lavrov at Bharat Mandapam for the BRICS Foreign Ministers' meeting, marking a key diplomatic engagement. The EAM also welcomed other Foreign Ministers and representatives from the member and observer nations to the venue in the national capital ahead of the much-anticipated meeting.
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EAM Jaishankar welcomes ministers, representatives at BRICS Foreign Ministers' Meeting in New Delhi
New Delhi [India], May 14 (ANI): External Affairs Minister S Jaishankar on Thursday welcomed Foreign Ministers and representatives from the member and observer nations to Bharat Mandapam in the national capital ahead of the much-anticipated BRICS Foreign Ministers' Meeting.