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The Hindu Businessline

World / The Hindu Businessline

Iran enforces new sovereign transit rules in Strait of Hormuz, mandates prior permits for vessels

The move, backed by warnings from the Islamic Revolutionary Guard Corps, signals tighter control over one of the worlds most critical energy routes

6 May 2026 12:04 pm
Indian-origin Vivek Ramaswamy wins Republican nomination for Ohio governor race

The biotech entrepreneur enters the general election with strong financial backing and national visibility following his 2024 presidential bid, positioning himself as a major contender in a state that has recently leaned Republican

6 May 2026 9:04 am
Rubio steps in as White House spokesperson as Karoline Leavitt goes on maternity leave

The move is unusual, as briefing duties are typically handled by the press secretary rather than a senior cabinet official

6 May 2026 9:04 am
Trump renews criticism of Pope Leo XIV ahead of Rubios Vatican visit

The dispute comes just ahead of US Secretary of State Marco Rubios planned visit to the Vatican, potentially complicating diplomatic efforts

6 May 2026 7:24 am
Trump says great progress in final agreement with Iran, suspends Project Freedom

Trump also pointed to diplomatic efforts involving Pakistan and other countries, saying the pause would provide time to finalise and sign a potential agreement.

6 May 2026 6:34 am
Iraq slashes oil prices for buyers willing to transit Hormuz

The OPEC producer is offering discounts to official prices of as much as $33.40 a barrel for its flagship Basrah Medium crude, according to a notice from state oil marketer SOMO seen by Bloomberg News

5 May 2026 3:03 pm
IPEF losing relevance under Trump's aggressive trade strategy: GTRI

The IPEF was launched jointly by the US and other Indo-Pacific partner countries

5 May 2026 12:23 pm
Indian investments in US on rise, creating American jobs: official

A CII report released in 2023 had pegged Indian investments in the US in the range of $40 billion, which had led to the creation of 4.25 lakh jobs

5 May 2026 11:03 am
First refunds of Trump tariffs to start as early as May 12, customs agency says

In a Court of International Trade order last week, the agency was expected to start refunds around May 11

5 May 2026 9:43 am
US naval ops to safeguard global energy, India's LPG supply, says Treasury Secy Bessent; urges China to help reopen Hormuz Strait

Addressing concerns over global energy markets, Bessent acknowledged a shortfall of up to 10 million barrels per day due to the crisis but expressed confidence that supply would stabilise

5 May 2026 9:03 am
Trump warns Iran would be lown off the face of the Earth if Tehran attacks US vessels in Strait of Hormuz

uring a Fox News interview, Trump suggested that Iran would be lown off the face of the Earth if it attacked US vessels involved in the operation 'Project Freedom'

5 May 2026 9:03 am
5 May 2026 8:53 am
ADB launches $70-bn push to connect Asia's power grids, digital networks

The bank announced two major programmes -- the Pan-Asia Power Grid Initiative and the Asia-Pacific Digital Highway -- with proposed investments of $50 billion and $20 billion, respectively

4 May 2026 9:15 am
US says Iran economy suffocating under sanctions, pressure campaign intensifies

With oil exports curtailed and infrastructure under stress, Iran faces a potential production crisis

4 May 2026 8:12 am
US launches Project Freedom to escort ships through Strait of Hormuz, warns Iran

The mission involves a significant US military deployment and comes amid heightened tensions that have disrupted oil supplies and driven up global energy prices.

4 May 2026 7:02 am
OPEC+ set to agree third oil output quota hike since Hormuz closure, sources say

The move is designed to show the group is ready to raise supplies once the war stops

3 May 2026 2:11 pm
Reviewing fresh Iran proposal, can resume strikes if they misbehave: Trump

The US President said he was looking at the new proposal sent by Iran on the plane and would talk to the media in Miami

3 May 2026 8:51 am
India-linked tanker laden with cooking fuel attempts Hormuz exit

The Marshall Islands-flagged Sarv Shakti, carrying about 45,000 tons of LPG, moved north through the waterway past Irans Larak and Qeshm islands toward the Gulf of Oman on Saturday

2 May 2026 1:00 pm
What alternatives do Gulf states have to Strait of Hormuz?

Plans and projects to diversify away from Hormuz have been on drawing boards for decades, and those workarounds are now being stress-tested as never before

2 May 2026 10:10 am