iran conflict

Oil prices tumbled more than 6 per cent on Monday, raising hopes of a diplomatic solution to de-escalate the conflict surrounding the Strait of Hormuz

Iranian Foreign Minister Abbas Araqchi said on Friday that while changes in the deal were still possible, the tentative agreement showed his country had emerged stronger from the conflict

The Iran war has sent oil prices surging and that in turn has resulted in mounting pressure on India’s balance of payments and the rupee

In its current form, the MOU would declare an end to the war in the region and the start of a 30-day period of negotiations on a detailed agreement to open the strait

While airfreight volumes are expected to grow at a high single‑digit rate in the quarter, seafreight volumes are forecast to rise only at a low single‑digit pace year on year

Iran’s effective blockade of oil and gas shipments through the strait since the US and Israel began attacking the country on February 28