All posts tagged: Iran US

India’s exports hit 3 billion even amid West Asia turmoil, US tariffs: Official | Ahmedabad News

India’s exports hit $863 billion even amid West Asia turmoil, US tariffs: Official | Ahmedabad News

4 min readAhmedabadJun 18, 2026 01:54 AM IST By Yashaswi Singh DNYANESHWAR B Patil Zonal Development Commissioner Kandla Special Economic Zone (KASEZ) said on Wednesday that despite challenges faced during 2025-26, including the West Asia crisis and heavy tariffs imposed by the United States, the country has “performed wonderfully”. “The year 2025-26 was a challenging year, as we know there was crisis in West Asia and the US had also imposed tariffs, but despite all this we have performed wonderfully and that shows the resilience of India,” said Patil while speaking at the Gujarat SEZs Outreach Programme organised in Ahmedabad on Wednesday, during which officials reviewed 12 years of progress made by Gujarat’s Special Economic Zones (SEZs) and outlined their vision for future growth, investment and exports. Despite these challenges, he said the export performance remained strong and referred to an export figure of $863.11 billion, covering products such as coffee, spices and marine goods. Also, the potential role in supporting manufacturing, technology transfer and employment generation in India through long-term investment commitments of the European …

Indian crew evacuated from Virat 1 after engine failure; rescue underway

Indian crew evacuated from Virat 1 after engine failure; rescue underway

Fourteen Indian crew members aboard the Indian-flagged merchant vessel Virat 1 were evacuated to a life raft after the ship suffered an engine failure off the Oman coast. The Indian Embassy in Muscat said rescue operations are underway under the coordination of Omani authorities Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

‘Compromised PM listens like an obedient servant’: Rahul Gandhi slams Modi

‘Compromised PM listens like an obedient servant’: Rahul Gandhi slams Modi

Congress leader Rahul Gandhi on Sunday sharply criticised the United States (US) and Prime Minister Narendra Modi over the US Navy strikes on an oil ship in the Gulf that killed three Indian sailors. In a post on X, the Lok Sabha Leader of Opposition said, “Just days after the murder of three Indian sailors in American attacks – no remorse, no apology. On the contrary, America has continued issuing orders.” “Read their words: `Comply immediately with the orders of the US military.` No violation `will be tolerated’,” he added. “A free country would never tolerate such language. But our Compromised PM? Silent. They listen like an obedient servant and comply with the orders. Compromised PM will not defend the country`s honor–because those who insult the country are under their control,” Gandhi further stated. अमेरिकी हमलों में तीन भारतीय नाविकों की हत्या के चंद दिन बाद – न अफ़सोस, न माफ़ी। उल्टा, अमेरिका ने आदेश देना जारी रखा है। उनके शब्द पढ़िए: “अमेरिकी सेना के आदेश तुरंत मानें।” कोई उल्लंघन “बर्दाश्त नहीं किया जाएगा।” एक …

Oil tanker with 24 Indians catches fire near Oman amid West Asia tensions

Oil tanker with 24 Indians catches fire near Oman amid West Asia tensions

A fire broke out aboard an oil tanker carrying 24 Indian seafarers off the coast of Oman on Monday, even as Israel and Iran exchanged fresh attacks in their first major escalation since the ceasefire. The Madagascar-flagged MT Marivex reported the fire around 1.30 pm, Opesh Kumar Sharma, a director in India`s Ministry of Ports, Shipping and Waterways, said at a news briefing. Sharma declined to comment on the cause of the fire but confirmed that the vessel had 24 Indian crew members on board. The tanker was empty and positioned well outside the Strait of Hormuz, a critical shipping route impacted by regional tensions. “This is the preliminary information which we have received… as per available information, all Indian seafarers are safe,” Sharma said. “We are coordinating with the Ministry of External Affairs, our missions abroad, Indian Navy, Ministry of Defence, to ensure their safety.” Delhi: Director in the Shipping Division of the Ministry of Ports, Shipping and Waterways (MoPSW), Opesh Kumar Sharma says, “There has been a recent report that today around 1.30 …

West Asia war: Singapore pips UAE as India’s second largest export destination | Business News

West Asia war: Singapore pips UAE as India’s second largest export destination | Business News

3 min readNew DelhiMay 17, 2026 05:21 AM IST India’s trade flows have begun shifting amid the prolonged closure of the Strait of Hormuz since March, as traders have begun finding alternate routes to export goods amid disruption in trade with countries in the West Asia region, an analysis of data shared by the Commerce and Industry Ministry showed. The most notable shift in trade routes was seen in the two transshipment hubs that India has free trade agreements (FTA) with – UAE and Singapore. Replacing UAE, Singapore became India’s second largest export market in April, registering a five-fold jump compared to February. The Strait of Hormuz was closed on March 2.  While exports to Singapore surged by 180% in April to $3.20 billion compared to $1.14 billion a year ago, exports to UAE slipped by 36% to $2.18 billion last month compared to $3.43 billion a year ago. Exports from Singapore have been rising month-on-month too since February amid the disruption in trade with UAE. On the import side too, the West Asia war …

Amid West Asia crisis, government bans sugar exports until September 30 | Business News

Amid West Asia crisis, government bans sugar exports until September 30 | Business News

3 min readNew DelhiMay 14, 2026 01:57 AM IST The Directorate General of Foreign Trade (DGFT) late on Wednesday prohibited export of raw, white and refined sugar with immediate effect till September 30 amid inflation and future supply-related concerns in the backdrop of the ongoing West Asia conflict. The prohibition will not apply to sugar exports to the European Union and the US under the preferential quota, the notification said. The prohibition on sugar exports will also not apply to the advance authorisation scheme (AAS), government-to-government exports, and consignments already in the physical export pipeline, it stated. The decision to ban sugar exports is seen more as a precautionary move, given the finely balanced supply and stocks position. Sugar production in the 2025-26 season (October-September) has been estimated at about 275 lakh tonnes . With opening stocks of 50 lakh tonnes, the total availability of 325 lakh tonnes can comfortably meet the projected domestic consumption requirement of 280 lakh tonnes. It will leave the closing stocks of sugar at 45 lakh tonnes, which is the …

1 Indian national killed after dhow catches fire, capsizes near Strait of Hormuz

1 Indian national killed after dhow catches fire, capsizes near Strait of Hormuz

A wooden dhow carrying general cargo with 18 Indian crew members caught fire and capsized near the Strait of Hormuz, leaving one Indian national dead and four others with burn injuries, a government source told news agency ANI. The incident occurred on Friday near the strategic waterway, with authorities still trying to ascertain the exact cause of the fire. According to the source, the crew members were rescued by a passing vessel after the dhow caught fire and overturned. “In this incident, one Indian on the dhow died while four received burn injuries,” the source told ANI, adding that the injured crew members are undergoing treatment in Dubai and are reported to be safe. The source said Indian consular officials met the rescued nationals soon after the incident. “Our officials from the Indian Consulate met the rescued Indian nationals yesterday night itself. The consulate is also in touch with the Dhow owner and extending all possible assistance,” the source added. Earlier on Thursday, Ministry of External Affairs (MEA) official spokesperson Randhir Jaiswal said that 11 …

Fiscal stress a reality, focus to stay on capex: Expenditure Secretary | Business News

Fiscal stress a reality, focus to stay on capex: Expenditure Secretary | Business News

3 min readNew DelhiMay 2, 2026 05:28 AM IST Fiscal stress is “very much a reality” and there could be lots of stress points going ahead amid the ongoing West Asia conflict, but the government is focused on spending on priority sectors and capital expenditure, which will continue to be at the budgeted level of Rs 12.2 lakh crore, Expenditure Secretary Vumlunmang Vualnam said on Friday. Stating that the LPG crisis has been a “challenging situation” with India importing about 60% of its requirement, of which 90% comes through Strait of Hormuz that has been impacted by the disturbance, Vualnam said the government has been proactive in tackling these situations. However, there are also “systemic constraints” where one cannot really tackle off or wipe away all the impacts which are there, the Secretary said. For instance, beyond LPG, the cut in excise duties will also have a fiscal impact, he said. “So, the fiscal stress is indeed very much a reality. But at the same time, the priority sectors, for example, the capex could really …

There are three pathways for India to develop greater energy resilience

There are three pathways for India to develop greater energy resilience

The closure of the Strait of Hormuz is, perhaps, a crisis too valuable to ignore. While some disruption is inevitable in the near term, within a timeframe of 5-10 years, more sustainable solutions may be found by realigning our energy dependence from external to internal sources. What are these internal sources? We could “drill, baby drill” for oil and gas off the Andaman & Nicobar islands. However, this is a very capital-intensive undertaking with uncertain outcomes, and if successful, it will, based on evidence, take decades to exploit. Commercialising fossil-fuel alternatives from locally available resources is imperative, along with an alternative supply and distribution chain for LNG. Based on current and emerging technologies, there are three feasible pathways for greater energy resilience: Widening electricity applications in transport, cooking, industrial process heat, and production of e-fuels; biofuels from agricultural residues and manure, municipal solid and liquid waste, and forestry biomass; increasing the share of natural gas in primary energy, and integrating small-scale LNG (SSLNG). We take up each in turn: First, India’s targets for non-fossil electricity …