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Iran-Pakistan Tension: US Declines to Confirm Consultations with Pakistan Before Iran Strikes

Iran-Pakistan Tension: US Declines to Confirm Consultations with Pakistan Before Iran Strikes

Fri, Jan 19, 2024

In response to media queries, the US declined to confirm or deny whether Pakistan consulted them before carrying out air strikes on Iran. While expressing concern about regional tensions and urging restraint, State Department Spokesperson Matthew Miller avoided disclosing details of any private conversations. He acknowledged Pakistan's emphasis on maintaining positive relations with its neighbours.

Pakistan strikes inside Iran against militant targets, stokes regional tensions

Pakistan strikes inside Iran against militant targets, stokes regional tensions

Thu, Jan 18, 2024

Iranian media said several missiles hit a village in the Sistan-Baluchestan province that borders Pakistan, killing at least nine people.

Ex-Afghanistan VP Taunts Pakistan After Iran Strikes: "Banana Republic Kicked From All Sides"

Ex-Afghanistan VP Taunts Pakistan After Iran Strikes: "Banana Republic Kicked From All Sides"

Thu, Jan 18, 2024

Former Afghan Vice President Amrullah Saleh mocked Pakistan following Iranian airstrikes on its territory, calling it a "Banana Republic kicked from all sides." He praised Iran's action against the Jaish al-Adl terrorist group and compared it to India's Balakot strikes in 2019.

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Brent crude prices trade below $73 as tensions escalate between US and Iran

Brent crude prices trade below $73 as tensions escalate between US and Iran

Tue, Jul 24, 2018

Brent crude oil was down 10 cents, or 0.14 percent, at $72.96 a barrel by 0037 GMT, after settling down 1 cent on Monday. U.S. crude was down 9 cents, or 0.13 percent, at $67.80 a barrel. The contract fell 37 cents the previous day.

OPEC deal does not give the right to pump oil above target: Iran tells Saudi Arabia

OPEC deal does not give the right to pump oil above target: Iran tells Saudi Arabia

Mon, Jul 16, 2018

Iranian OPEC Governor Hossein Kazempour Ardebili is due to attend a meeting for a joint OPEC, non-OPEC monitoring committee in Vienna on Wednesday, two OPEC sources said. The committee, known as the JTC and chaired by Saudi Arabia, looks at the compliance level to the production pact.

US order fallout: India's Oil imports from Iran plunge 16% in June

US order fallout: India's Oil imports from Iran plunge 16% in June

Thu, Jul 12, 2018

In June, India imported 592,800 barrels per day (bpd) of oil from Iran compared to 705,200 bpd in May, the data showed. The sources declined to be identified.

US prepared to work with nations reducing oil imports from Iran

US prepared to work with nations reducing oil imports from Iran

Tue, Jul 03, 2018

Last month President Donald Trump withdrew the United States from the landmark Iran nuclear deal, re-imposing US sanctions that had been suspended in return for curbs on Tehran's nuclear programme.

India preparing for cut in oil imports from Iran

India preparing for cut in oil imports from Iran

Thu, Jun 28, 2018

India has said it does not recognize unilateral restrictions imposed by the U.S., and instead follows U.N. sanctions. But the industry sources said India, the biggest buyer of Iranian oil after China, will be forced to take action to protect its exposure to the U.S. financial system.

Nitin Gadkari says India trying to make Chabahar Port operational by 2019

Nitin Gadkari says India trying to make Chabahar Port operational by 2019

Fri, Jun 22, 2018

Speaking about the efforts and initiatives taken by the NDA government in the last four years to bring qualitative change in the lives of people, Gadkari talked about massive work being done in the infrastructure sector, with National Highways being built at an unprecedented pace of 28km/day.

Reliance Industries to halt oil imports from Iran; US sanctions forcing buyers to flee

Wed, May 30, 2018

Mukesh Ambani led Reliance Industries Ltd, owner of the world`s biggest refining complex, plans to halt oil imports from Iran, two sources familiar with the matter said, in a sign that new U.S. sanctions are forcing buyers to shun oil purchases from Tehran.

US sanctions on Iran unfavourable for India, says economist TN Srinivasan

US sanctions on Iran unfavourable for India, says economist TN Srinivasan

Sun, May 13, 2018

US President Donald Trump has recently announced that America will withdraw from the landmark 2015 accord to curb Iran's nuclear programme and reinstate financial sanctions on the Persian Gulf nation. "Current economic situation, although favourable, is dependent on external economic climate

Oil near multi-year highs as Iran sanctions tighten supply outlook

Oil near multi-year highs as Iran sanctions tighten supply outlook

Fri, May 11, 2018

The global oil market is finely balanced, with top exporter Saudi Arabia and No.1 producer Russia having led efforts to curb oil supply to prop up prices. Benchmark Brent crude was down 20 cents at $77.27 a barrel by 1330 GMT. On Thursday Brent hit $78, its highest since November 2014. U.S. light crude was down 10 cents at $71.26, having touched a 3-1/2 year high of $71.89 on Thursday.

Oil prices jump over 2% after US abandons Iran nuclear deal, plans "highest level" sanctions

Oil prices jump over 2% after US abandons Iran nuclear deal, plans "highest level" sanctions

Wed, May 09, 2018

Iran re-emerged as a major oil exporter in 2016 after international sanctions against it were lifted in return for curbs on its nuclear programme, with its April exports standing above 2.6 million barrels per day (bpd). That made Iran the third biggest exporter of crude within the Organization of the Petroleum Exporting Countries (OPEC), behind Saudi Arabia and Iraq.

US exit from 2015 Iran nuclear accord puts pressure on European planemakers

US exit from 2015 Iran nuclear accord puts pressure on European planemakers

Wed, May 09, 2018

Tehran has ordered 200 passenger aircraft for state carrier IranAir worth $38.3 billion at list prices, including 100 from Europe`s Airbus, 80 from U.S. rival Boeing and 20 from smaller Franco-Italian turboprop maker ATR. Airbus is more exposed on wide-body jets, for which sluggish global demand forced it last month to revise down part of its production plans. Iran has ordered 53 wide-body jets from Airbus and 30 from Boeing, which are yet to be built.

Iran hit by global cyber attack that left US flag on screens

Iran hit by global cyber attack that left US flag on screens

Sun, Apr 08, 2018

"The attack apparently affected 200,000 router switches across the world in a widespread attack, including 3,500 switches in our country," the Communication and Information Technology Ministry said in a statement carried by Iran`s official news agency IRNA. The statement said the attack, which hit internet service providers and cut off web access for subscribers, was made possible by a vulnerability in routers from Cisco which had earlier issued a warning and provided a patch that some firms had failed to install over the Iranian new year holiday

35 delegates taking part in Odisha MSME Trade Fair

35 delegates taking part in Odisha MSME Trade Fair

Tue, Mar 06, 2018

Naveen Patnaik inaugurated the fair yesterday where more than 350 stalls with six pavilions belonging to various international organisations, 30 start-ups, industry associations, exporters, state PSUs and other central government organisations have been put up

OVL drops plan to build LNG export facility in Iran

OVL drops plan to build LNG export facility in Iran

Sun, Feb 25, 2018

ONGC Videsh Ltd has shelved plans to build a USD 5 billion LNG export facility in Iran and has instead opted to only invest in developing a giant gas field in the Persian Gulf, for which a revised cost is being worked out, an official said. OVL, the overseas arm of state-owned Oil and Natural Gas

Do not test Israel, Benjamin Netanyahu tells Iran, brandishing drone piece

Do not test Israel, Benjamin Netanyahu tells Iran, brandishing drone piece

Sun, Feb 18, 2018

Israeli Prime Minister Benjamin Netanyahu warned Tehran over aggressions by what he called Iran and its "proxies" in Syria, while showing what he claimed was a piece of an Iranian drone shot down in Israeli airspace.

India, Iran ink pact on double taxation avoidance

India, Iran ink pact on double taxation avoidance

Sat, Feb 17, 2018

The Iranian side expressed its readiness to enhance enabling environment to attract Indian private/public sector investments, in Chabahar FTZ, the statement said.

Qatar signs $12 billion deal to buy F-15 jets from US

Qatar signs $12 billion deal to buy F-15 jets from US

Thu, Jun 15, 2017

Qatar`s Ministry of Defense said on Wednesday the country signed a deal to buy F-15 fighter jets from the United States for $12 billion. The deal was completed despite the Gulf country being criticized recently by U.S. President Donald Trump for supporting terrorism.

Qatar Diplomatic Crisis: Will it affect India's energy needs?

Qatar Diplomatic Crisis: Will it affect India's energy needs?

Wed, Jun 07, 2017

About nine countries from Middle East have severed their ties with Qatar for its alleged support to terrorism and following the diplomatic crisis in the country which is the world's largest Liquefied Natural Gas (LNG) exporter, it is going to hurt its business ties with the rest of world including India.

Iran leapfrogs Iraq to become India's second largest oil supplier

Iran leapfrogs Iraq to become India's second largest oil supplier

Mon, Mar 13, 2017

In the first 11 months of this fiscal year, between April and February, India imported about 542,400 bpd from Iran

Indian Oil expects crude processing to edge up in 2017-18 despite maintenance work at some plants

Indian Oil expects crude processing to edge up in 2017-18 despite maintenance work at some plants

Tue, Feb 07, 2017

Indian Oil Corporation has said that its crude processing for 2017-18 will inched up despite planned maintenance at some plants.

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