Strait Of Hormuz: ‘Direct consequences on economy’: Indian envoy to UK on Strait of Hormuz disruption amid Iran war

India has condemned attacks on commercial shipping in the Strait of Hormuz, calling them “unacceptable,” as the International Maritime Organization (IMO) urged coordinated action to safeguard civilian vessels in the Gulf region.Addressing the 36th extraordinary session of the IMO Council in London on Thursday, Vikram Doraiswamy, India’s ambassador to the UK, emphasised New Delhi’s commitment…

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Qatar Lng Export: Iran hits Ras Laffan facility: Qatar’s 17% LNG capacity gone, $20bn loss; which countries will be impacted?

QatarEnergy says Iranian missiles hit Ras Laffan Industrial City, causing “extensive damage” Iran’s unprecedented attacks on Qatar’s gas facilities would significantly dent the Gulf state’s liquefied natural gas (LNG) export capacity and result in losses running into billions of dollars, according to Qatar’s state minister for energy affairs, Saad al-Kaabi.“I never in my wildest dreams…

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Oil prices today: Crude eases after spike as Trump, Netanyahu seek to ease concerns over Iran war

Global crude prices edged lower on Friday after a continued surge, as statements from US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu helped ease market concerns over further escalation in energy infrastructure attacks.Brent crude slipped toward $107 a barrel after its highest close since July 2022, while West Texas Intermediate (WTI) for May…

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Gold, Silver Rate Today Live Updates: Gold, silver prices under pressure as oil prices stay high amid US-Iran war

Gold, Silver Price Today Live: Gold, silver prices under pressure Gold and silver extended their decline on Thursday, pressured by mounting concerns over global inflation, according to Gaurav Garg, Research Analyst at Lemonn Markets Desk. He noted that escalating geopolitical tensions linked to the ongoing US-Iran conflict have heightened fears of disruptions to oil supplies,…

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