Desk Correspondent , Tehran - Tensions in the Middle East have reached a boiling point as Iran issues stark warnings of retaliation against the United States and Israel, sparking fears of disrupted oil supplies through the Strait of Hormuz and sending global energy prices soaring, with significant implications for import dependent nations like India.
Iranian Foreign Minister Abbas Araghchi condemned US strikes on Houthi targets in Yemen as a dangerous escalation tied to Israel's Gaza and Lebanon operations, vowing Tehran's decisive response to threats. President elect Trump urged Iran to negotiate a nuclear deal or face "bombing like they've never seen." Brent crude jumped 3-5% above $75/bbl, WTI to $72, amid fears for the Strait of Hormuz (20% global oil flow). India, importing 85% of its 5M bpd crude via this route from Saudi Arabia, Iraq, and UAE, risks 10-15% fuel price hikes, inflation, and rupee pressure. Israeli strikes in Syria, Houthi Red Sea attacks, US carrier deployments, no de escalation in sight, evoking 1979 oil crisis warnings.
As diplomatic channels strain under the weight of mutual threats, the world watches anxiously for signs of restraint to prevent a full scale regional war that would not only cripple global oil flows but also exacerbate economic vulnerabilities for major importers like India, calling for urgent multilateral intervention.
Iran has demanded a full Israeli withdrawal from Lebanon, while U.S. Secretary of State Marco Rubio said Washington remains open to peace with Iran if regional security interests are protected.
At least 164 people have died and 971 have been injured after powerful twin earthquakes struck Venezuela, triggering a state of emergency and a major international relief effort.
At least 32 people have died and more than 700 have been injured after powerful twin earthquakes struck Venezuela, triggering a state of emergency and international offers of aid.
Venezuela has declared a state of emergency after twin earthquakes killed at least 32 people, causing building collapses, injuries, and widespread disruption across affected regions.
Iran has warned that ships entering the Strait of Hormuz without authorization could face action, raising concerns over shipping security and global energy supplies in the Gulf region.
Venezuela has declared a state of emergency after twin powerful earthquakes struck near its Caribbean coast, causing building collapses, widespread panic, and ongoing aftershocks.
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Indian refiners are expected to remain cautious despite a temporary U.S. sanctions waiver on Iranian oil, citing concerns over payments, shipping, insurance, and regulatory risks.
Iran has hailed the U.S.-Iran agreement as a victory for Tehran, while U.S. Secretary of State Marco Rubio tours Gulf nations to reassure allies about the fragile regional peace framework.
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Iranian President Pezeshkian said Tehran’s missile and deterrence capabilities are non-negotiable, signaling that any future deal with the U.S. will not include restrictions on Iran’s defense program.
President Trump criticized Keir Starmer following his resignation announcement, linking the move to disagreements over energy, immigration, and broader policy decisions.
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The U.S. Senate approved a War Powers resolution seeking to limit military action against Iran without congressional approval, marking a significant political setback for President Trump.
India is helping build Mongolia’s first oil refinery through a $1.7 billion project, a major step toward boosting Mongolia’s energy security and strengthening bilateral ties.
Iran says it will decide how to use its unfrozen assets while maintaining control over the Strait of Hormuz, signaling its intention to shape the terms of any long-term agreement with Washington.
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Lebanon-Israel talks are set to resume as Iran insists the Strait of Hormuz will not return to pre-war conditions. The developments come as U.S.-Iran negotiations continue under a fragile regional ceasefire framework.
Iran says the Strait of Hormuz will not return to pre-war conditions, signaling its intention to play a direct role in the future management of one of the world's most critical shipping routes.
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