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How Global Shipping Shift Is Turning Vizhinjam Into A Maritime Giant, Shashi Tharoor Highlights New Opportunity

Divya Danu — Sun, 19 Apr 2026 13:17:22 +0530

Rising tensions in the Strait of Hormuz are affecting global trade routes. This narrow waterway is one of the busiest in the world for oil and cargo movement. As risks increase in the region, many shipping companies are looking for safer and more stable alternatives. This shift has unexpectedly brought attention to Vizhinjam Port in Kerala.

Shashi Tharoor highlights new opportunity

Congress MP Shashi Tharoor said that the situation has created a big opportunity for India. In a post on X, he shared that nearly 100 ships are either waiting or trying to get space at Vizhinjam Port. He said global shipping is now turning its attention to his constituency, Thiruvananthapuram.

100 ships. One destination. The Strait of Hormuz crisis has shifted global shipping eyes to my constituency! Thiruvananthapuram’s Vizhinjam Port is currently seeing a massive surge with 100 vessels in queue or seeking calls.From handling its 1 millionth TEU in record time to… pic.twitter.com/QykvSldpTB

— Shashi Tharoor (@ShashiTharoor) April 18, 2026

Tharoor called this moment important for India’s growing role in global trade.

Also Read: Two Sikh Men Shot Dead Outside Temple In Italy, Gunmen Fired 10 Bullets

Rapid growth at Vizhinjam Port

Vizhinjam is India’s first deep-water transshipment port. It allows large cargo ships to transfer goods efficiently.

The port has shown fast growth in a short time. It handled its one millionth TEU (twenty-foot equivalent unit) in record time, making it one of the fastest-growing ports in the country.

In March 2026 alone, the port handled 61 vessels, its highest monthly number so far.

Record performance in first year

According to a report by The Hindu, the port has set strong records in its first year. It handled around 12.96 lakh TEUs, which is more than its planned capacity of one million TEUs. This shows strong demand for its services.

A total of 607 ships visited the port, including some of the largest cargo vessels in the world.

Why companies are choosing Vizhinjam

The problems in the Strait of Hormuz have made shipping companies look for safer routes. Vizhinjam is now seen as a reliable option.

Its location near major international shipping lanes makes it attractive. It also has modern facilities and deep waters, which allow large ships to dock easily.

Tharoor said the port is becoming a “global necessity” as trade routes change.

Expansion plans and future capacity

Work is already underway to expand the port. The next phase will allow up to five large motherships to dock at the same time.

This will increase the port’s capacity and help it handle more cargo. Authorities are moving quickly to complete this expansion.

Also Read: 5-Year-Old Boy Killed In Telangana, Mother And Partner Arrested

Missed opportunities due to delays

Despite its success, the port has also faced some challenges.

Due to delays in expanding infrastructure, it could not handle all the demand during the peak of the Hormuz crisis. Some shipping requests had to be turned away.

Experts say that improving infrastructure faster could help India gain even more from this global shift.

Competing with global ports

Tharoor believes Vizhinjam can compete with major global ports like Colombo and Singapore.

He said the port is not just competing but setting new standards in transshipment.

With strong growth and ongoing upgrades, Vizhinjam is quickly becoming an important player in global shipping.

India’s chance to grow in global trade

The rise of Vizhinjam shows how global challenges can create new opportunities.

As tensions continue to reshape trade routes, India has a chance to strengthen its position in global shipping.

With better planning and faster development, ports like Vizhinjam could play a key role in the future of international trade.

Iran Leadership Crisis? Experts Counter Trump’s ‘Fractured’ Claim

Asianet Newsable English — Wed, 22 Apr 2026 22:48:36 +0530

Iranian officials have kept a united front in the Middle East war and there appears for now to be no major split within the leadership, even though factional disagreements exist and the complete absence from public view of key decision makers creates confusion, analysts said.

Announcing an extension of the ceasefire in the war against the Islamic republic, US President Donald Trump said Tuesday the move was partly "based on the fact that the Government of Iran is seriously fractured, not unexpectedly so".

Iran's leadership has undergone immense upheaval since US and Israeli forces began striking the Islamic republic on February 28. Supreme leader Ali Khamenei and Revolutionary Guards chief Mohammad Pakpour were killed on the first day of the conflict and top security official Ali Larijani in March.

Yet their successors have remained largely invisible.

Ali Khamenei's son and successor Mojtaba is yet to appear in public after being named, and both new Revolutionary Guards chief Ahmad Vahidi and new security chief Mohammad Bagher Zolghadr have restricted themselves to written condolence messages for colleagues killed in the war.

But high profile figures who have survived the war in their posts -- notably parliament speaker Mohammad Bagher Ghalibaf, Foreign Minister Abbas Araghchi and President Masoud Pezeshkian -- have largely backed a unified policy of pursuing diplomacy with the US to end the war without offering concessions.

‘Not aired publicly’

"I imagine there are some differences between major power centres and political currents," said Farzan Sabet, a managing researcher at the Geneva Graduate Institute.

"But it's not clear that these differences and internal debates mean there is a major conflict happening within the Iranian leadership or that they are seriously fractured. They appear to maintain their overall cohesion and ability to make decisions and act on them," he added.

In the absence of Mojtaba Khamenei, Vahidi and Zolghadr, the frontman of both the war effort and diplomacy has been Ghalibaf, a former commander of the Revolutionary Guards and national police chief who has also held civilian posts such as Tehran mayor and now parliament speaker.

Ghalibaf earlier this month led the Iranian delegation for talks with the US in Islamabad, meeting Vice President JD Vance in the highest level Iran-US encounter since before the Islamic revolution. On April 16 he also met Asim Munir -- the army chief of key mediator Pakistan -- in Tehran.

Despite prolific posting on X in English and Persian, Ghalibaf has rarely been seen in public in Iran during the war. Late last week, however, he gave a lengthy interview to state TV where he defended pursuing diplomacy in what may have been a response to hardline criticism.

"This system does have factional divisions that are reflected in tactics against the Trump administration and negotiations, but these are not generally aired publicly," said Sanam Vakil, director of the Middle East and North Africa Programme at Chatham House in London.

"There's no solid public evidence confirming a major internal split at the top of Iran's leadership right now, so the claim should be treated cautiously," she told AFP.

"It makes sense that Vahidi and Mojtaba Khamenei have not been seen because Tehran is still worried about Israeli assassinations."

‘Important and difficult debates’

But politics in the Islamic republic -- a theocracy with a supreme leader appointed for life but also a directly elected parliament and president -- has never been entirely monolithic, with hardliners and more moderate forces vying for position since the ousting of the shah in 1979.

Thomas Juneau, professor at the University of Ottawa, said there is "no public evidence that the Iranian leadership is seriously fractured" but added: "I have no doubt that behind the scenes, there are important and difficult debates within the Iranian leadership both on next steps and on succession issues."

He emphasised that it is "the norm, not exception" that there is closed-door debate within the top echelons of the Islamic republic, especially at a time of such stress.

"There is most likely a high degree of paranoia as a result of the heavy Israeli intelligence penetration," which had led to the killing of its leaders, he said.

The situation has been more confused since the killing of Ali Khamenei, who was leader since 1989 and had the final say on all major issues, making his stance clear in regular televised speeches.

"Mojtaba Khamenei appears to maintain broad oversight of decision-making, but nowhere near the same level of day-to-day management as his father, probably due to a combination of security concerns and physical incapacitation," said Sabet.

This means the Revolutionary Guards ideological army under Vahidi "now more nakedly exercises power", he added.

(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)

Big Oil Bombshell: Will UAE Leaving OPEC Send Prices Soaring Worldwide?

Asianet Newsable English — Tue, 28 Apr 2026 20:42:35 +0530

The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels to focus on "national interests", it announced on Tuesday, causing fresh shockwaves as energy prices soar over the Middle East war.

The UAE, one of the world's top oil producers, which has previously chafed at OPEC production quotas, will pull out on Friday, a statement carried by the official WAM news agency said.

The UAE has been an OPEC member through the emirate of Abu Dhabi since 1967, four years before the former British protectorate became a country.

The last OPEC member to withdraw from the cartel was Angola in 2024.

"This decision reflects the UAE's long-term strategic and economic vision and evolving energy profile," the UAE statement said.

"During our time in the organisation, we made significant contributions and even greater sacrifices for the benefit of all," it added.

"However, the time has come to focus our efforts on what our national interest dictates."

The decision, in the midst of the biggest oil shock since the 1970s, is likely to weaken OPEC, dominated by the UAE's neighbour and rival Saudi Arabia, indicating further turbulence for markets, analysts said.

Gulf oil shipments are currently being strangled by Iran's blockade of the Strait of Hormuz, which flows past the UAE and normally carries one-fifth of the world's oil.

The UAE, hard-hit by Iranian attacks, has also faced trouble in its relationship with Saudi Arabia, the world's top oil exporter, after a stand-off between rival forces backed by the two countries in Yemen.

‘More volatile oil market’

Pre-war, the UAE was the fourth biggest producer in the 22-member OPEC+, behind Saudi Arabia, Russia and Iraq.

Jorge Leon, an analyst at Rystad Energy, said its withdrawal may not immediately impact oil markets while Hormuz shipments remain on hold.

But the UAE will now be free to raise production, "raising broader questions about the sustainability of Saudi Arabia's role as the market's central stabiliser -- and pointing to a potentially more volatile oil market as OPEC's capacity to smooth supply imbalances diminishes".

Jamie Ingram, managing editor for the Middle East Economic Survey, posted that OPEC is losing 13 percent of its production capacity with the UAE's departure, citing the International Energy Agency.

Founded in 1960, the 12-member OPEC cartel in 2016 partnered up with 10 other producers to form OPEC+ to gain more clout.

The Vienna-based group drew international attention in 1973, when it imposed an oil embargo against Israel's allies in the midst of the Yom Kippur War, triggering the first oil crisis.

Within just a few months, prices quadrupled, highlighting the cartel's dominance.

Faced with rising competitors in the 1980s, it introduced its famous quota system that enabled it to exert more control over the market.

This strategy meant the group fared relatively well during the 2008 financial crisis and the price shock in the wake of the Covid pandemic, despite increased internal tensions.

(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)

Pakistan's Double Game Exposed! Is Islamabad Secretly Aiding US War Efforts Against Iran?

Anish Kumar — Tue, 28 Apr 2026 15:13:06 +0530

New Delhi: Islamabad's public neutrality masks a covert military partnership that may be reshaping the West Asia conflict. While Pakistan's foreign minister has been shuttling between Tehran and Riyadh preaching restraint, and Prime Minister Shahbaz Sharif has been condemning US strikes on Iran as violations of international law, a very different story may be unfolding behind closed doors.

The Covert Support Allegations

Multiple intelligence assessments circulating in regional security circles allege that Pakistan has been providing covert but material military support to US operations against Iran.

Even if the posts in circulation on social media are to be believed, it is among the most consequential acts of strategic deception in South Asian history.

The allegations are specific. Pakistani airspace is said to have been made available for US ISR operations and the basing of assets, including the MQ-9B armed surveillance drone.

Pakistan Air Force F-16s are alleged to have flown in active support of US carrier operations in the Arabian Sea. And perhaps most explosive of all, Pakistani naval assets are said to have been passing the positional data of Iranian vessels, including dhows operating beyond Pakistan's Exclusive Economic Zone, to American forces for targeting.

This comes even as Pakistan publicly maintains a policy of non-involvement and claims to support dialogue as the only sustainable path to peace. Pakistani defence authorities have specifically dismissed claims about US drones transiting Pakistani airspace as "entirely baseless and misleading."

A Familiar Strategic Playbook

But denial, as students of Pakistani strategic history will know, is part of the toolkit. During the Soviet-Afghan War, Pakistan denied for years that it was the CIA's primary conduit for arms to the Mujahideen. The pattern of public disavowal combined with covert operational alignment is not new. It is, in fact, a Pakistani institutional speciality.

The Technology Link: F-16 Upgrades

The technological evidence is suggestive. In December 2025, Washington approved a $686 million Foreign Military Sale to upgrade Pakistan's F-16 fleet, a package centred on Link-16 tactical data links and Mode 5 IFF cryptographic systems.

These are NATO-standard coalition warfare tools. They enable Pakistani aircraft to operate safely and seamlessly alongside American assets in shared airspace. The timing, coming months before the February 2026 outbreak of full-scale hostilities, raises questions that Islamabad has not publicly answered.

Strategic Gains for Islamabad

The strategic logic for Pakistan is not difficult to construct. With Gulf states, Turkey, and even the United Kingdom refusing Washington's basing access, the geometric value of Pakistan's western airspace and Arabian Sea coastline to US operations becomes immense.

For Islamabad, the currency of covert cooperation translates directly into arms packages, diplomatic leverage, and the restoration of its status as America's indispensable South Asian partner, a status badly shaken by the May 2025 India-Pakistan conflict and deepening US-India ties.

The Iran Factor: A Risky Gamble

The risks are equally stark. Iran shares a 900-kilometre border with Pakistan. It has demonstrated both the will and capability to conduct cross-border strikes, as seen when Iranian missiles hit Balochistan in January 2024.

An Iran that believed itself betrayed by a neighbour publicly claiming solidarity would have a powerful motivation and multiple vectors to retaliate. For now, Islamabad maintains its diplomat's mask. The mask, however, is beginning to slip.

Markets Fall, Oil Jumps As US-Iran Standoff Drags On

Asianet Newsable English — Thu, 23 Apr 2026 19:13:41 +0530

Oil prices and the dollar jumped Thursday while most equity markets slid as the United States and Iran appeared no closer to resuming peace talks. Amid an extended but seemingly fragile ceasefire, Iran vowed it would not reopen the Strait of Hormuz, through which one-fifth of global oil is shipped, as long as the United States blocks its ports.

Stocks are down "as risk aversion builds off the back of yet another damaging phase of this crisis", said Joshua Mahony, chief market analyst at Scope Markets.

"While previous market moves were driven by escalation and de-escalation of the conflict, we are now heading towards a slow grind higher for energy prices as the prospect of a drawn-out stalemate comes into play," he added.

The benchmark international oil contract, Brent North Sea crude, was holding above $100 a barrel, threatening widespread inflation that could dent economies around the globe.

European stock markets mostly fell in midday deals after losses across Asia. But Paris was slightly in the green as the share price of French cosmetics heavyweight L'Oreal surged after posting first-quarter earnings.

L'Oreal's shares jumped more than eight percent after the company said sales rose 3.6 percent in the quarter, boosted by growth in professional and dermatological products.

Analysts say healthy company results overall and a resumption of bullish artificial intelligence trades have helped to support equities despite the uncertainties sparked by the war against Iran.

Almost 80 percent of the companies in the S&P 500 index that have reported first-quarter earnings have surpassed analyst estimates, according to Bloomberg.

Tesla reported Wednesday first-quarter profits that topped expectations as it confirmed plans for huge investments in autonomous transport, humanoid robotics and AI.

Elon Musk's electric vehicle company reported profits of $477 million, up 17 percent from a year earlier, while revenues jumped 16 percent to $22.4 billion.

In Asia, Seoul reached a record high Thursday thanks to a new rally in the tech sector that has been the backbone of a surge in the Kospi index this year.

In the eurozone, business activity contracted in April for the first time in 16 months as the war in the Middle East drove up energy prices and disrupted global supply chains, a closely watched survey showed Thursday.

The Flash Eurozone purchasing managers' index (PMI) published by S&P Global, a gauge of the overall health of the economy, registered a figure of 48.6 for April, down from 50.7 in March.

A reading above 50 indicates growth, while a figure below 50 shows contraction.

Key figures at 1045 GMT

Brent North Sea Crude: UP 1.7 percent at $103.61 a barrel

West Texas Intermediate: UP 1.8 percent at $94.59 a barrel

London - FTSE 100: DOWN 0.8 percent at 10,388.78 points

Paris - CAC 40: UP 0.1 percent at 8,162.78

Frankfurt - DAX: DOWN 0.5 percent at 24,084.13

Tokyo - Nikkei 225: DOWN 0.8 percent at 59,140.23 (close)

Hong Kong - Hang Seng Index: DOWN 1.0 percent at 25,915.20

Shanghai - Composite: DOWN 0.3 percent at 4,093.25 (close)

Euro/dollar: DOWN at $1.1683 from $1.1709 on Wednesday

Pound/dollar: DOWN at $1.3488 from $1.3506

Dollar/yen: UP at 159.75 yen from 159.49 yen

Euro/pound: DOWN at 86.62 pence from 86.70 pence

Iran-US War: How Middle East Diplomacy Is Holding Oil Under $100

Asianet Newsable English — Fri, 24 Apr 2026 21:50:27 +0530

Oil prices fell on Friday after it appeared a second round of Middle East talks was back on, bolstering prospects for an end to a war that has crippled energy shipments from the Gulf.

Equities traded mixed, however, although the tech-heavy Nasdaq Composite set a fresh record high in New York thanks to a surge in stocks of chip manufacturing firms like Intel, which saw its shares rocket 25 percent higher after it smashed quarterly earnings expectations.

Oil prices had been climbing earlier in the day as investors worried about a lack of progress in ending the Middle East crisis, with Tehran keeping the Strait of Hormuz closed and the US maintaining a blockade of Iranian ports.

But they dropped on reports Iran's Foreign Minister Abbas Araghchi was to arrive in Islamabad on Friday night.

Brent crude, the international benchmark contract, fell back below $100 a barrel.

"Investors are anchoring themselves to this good news and seem to be happy to buy risky assets, as it suggests a de-escalation of the situation ahead of the weekend," said Kathleen Brooks, head of research at trading platform XTB.

The Pakistan capital has been gearing up for an anticipated second round of talks between the United States and Iran, but it was not clear whether Araghchi and the delegation accompanying him would meet any US officials.

Sentiment was also boosted by Israel and Lebanon agreeing to extend their ceasefire for three weeks.

Global stock markets have recently managed to recover the heavy losses they suffered at the start of the war, with first-quarter earnings in many cases beating estimates and helping the S&P 500 and Nasdaq set fresh records.

Chipmakers in particular continue to outperform thanks to continued optimism about growth in the artificial intelligence sector.

"There has been a record 17-day rally in semiconductor stocks, which is a record," said Brooks.

The jump in Intel shares came after the chipmaker, which was late to the AI game, forecast rising revenue on continued strong demand for its chips used in data centres.

Shares in Meta and Microsoft rose after the companies announced layoffs as they pour massive sums into AI.

Meta plans to cut a tenth of its workforce, or 8,000 people, and Microsoft will offer buyouts to 8,750 employees in the United States, or seven percent of its US workforce.

"It is worth noting that these job cuts have more to do with overhiring during Covid rather than an AI revolution," Brooks said.

"The cost reductions from these job cuts is a drop in the ocean compared to what Meta and Microsoft are spending in AI investment, and the market may not be too impressed with this news for long," she added.

Investors were also looking to position themselves ahead of next week's slew of earnings from US tech titans Alphabet, Meta, Microsoft, Amazon and Apple.

Wall Street's main indices were mostly higher in late morning trading.

European stocks ended lower, with Frankfurt weighed down by data showing that German business morale had fallen to the lowest level since the Covid pandemic.

"The German economy is being hit hard by the Iran crisis," said Ifo president Clemens Fuest. "Companies are considerably more pessimistic about the coming months."

Key figures at 1530 GMT

Brent North Sea Crude: UP 0.3 percent at $99.67 a barrel

West Texas Intermediate: DOWN 0.5 percent at $95.34 a barrel

New York - Dow Jones: DOWN 0.4 percent at 49,3128.16 points

New York - S&P 500: UP 0.5 percent at 7,144.40

New York - Nasdaq Composite UP 1.2 percent at 24,736.09

London - FTSE 100: DOWN 0.8 percent at 10,379.08 (close)

Paris - CAC 40: DOWN 0.8 percent at 8,175.82 (close)

Frankfurt - DAX: DOWN 0.1 percent at 24,128.98 (close)

Tokyo - Nikkei 225: UP 1.0 percent at 59,716.18 (close)

Hong Kong - Hang Seng Index: UP 0.2 percent at 25,978.07 (close)

Shanghai - Composite: DOWN 0.3 percent at 4,079.90 (close)

Euro/dollar: UP at $1.1707 from $1.1684 on Thursday

Pound/dollar: UP at $1.3501 from $1.3465

Dollar/yen: DOWN at 159.51 yen from 159.72 yen

Euro/pound: DOWN at 86.73 pence from 86.76 pence

(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)

Did Iran Accidentally Confirm Mojtaba Khamenei Is Dead? ‘Martyrs’ Mural Triggers Global Buzz (WATCH)

Asianet Newsable English — Sun, 26 Apr 2026 11:19:51 +0530

A newly unveiled mural in Iran has ignited a wave of speculation over the fate of Mojtaba Khamenei — the man widely believed to have succeeded Ali Khamenei. The artwork, displayed in Mashhad, honours prominent Iranians allegedly killed in US-Israeli attacks. But one detail has set off alarm bells: Mojtaba Khamenei’s image appears among the dead.

A Mural That Raises More Questions Than Answers

The mural was reportedly meant to commemorate those Iran claims were killed in recent hostilities involving the United States and Israel. Instead, it has triggered a far more sensitive question — has Iran inadvertently acknowledged the death of its new Supreme Leader?

A video circulating online show Mojtaba Khamenei featured alongside individuals officially declared dead. There has been no immediate clarification from Iranian authorities on why his image appears in that context.

Given the tightly controlled nature of information around Iran’s leadership, even a symbolic inclusion like this is being closely scrutinised.

Is this Iran admitting that its new Supreme Leader is dead?A mural honoring prominent Iranians killed by U.S-Israeli attacks was unveiled in Mashhad, Iran.It includes a picture of Mojtaba Khamenei!!pic.twitter.com/cDKLtKxSgq https://t.co/1nj3L7Mc0V

— Mario Nawfal (@MarioNawfal) April 26, 2026

Conflicting Reports About His Condition

The speculation comes just days after a report by The New York Times painted a very different picture.

According to the report: "Mojtaba Khamenei was seriously wounded in the US-Israeli airstrike that killed his father and predecessor Ali Khamenei but is mentally sharp."

Citing unnamed Iranian officials, the report added: "Although Mojtaba Khamenei was 'gravely wounded (in the February 28 airstrike), he is mentally sharp and engaged.'"

The injuries described were severe: "One leg was operated on three times, and he is awaiting a prosthetic. He had surgery on one hand and is slowly regaining function. His face and lips have been burned severely, making it difficult for him to speak."

The report also noted: "Access for security reasons is extremely limited to Khamenei, who remains in hiding, with only handwritten messages passed on."

Silence, Secrecy and Growing Doubt

Mojtaba Khamenei has not appeared in public since the reported strike. His absence — coupled with communication limited to written messages — has only deepened uncertainty.

The NYT report further stated: "At least for now" he has delegated decision-making to generals in the Revolutionary Guards.

It added that even senior commanders do not meet him directly, while Iranian President Masoud Pezeshkian — a trained heart surgeon — has reportedly been involved in his care.

Symbolism or Slip-Up?

The mural in Mashhad now complicates the narrative.

Is it merely symbolic — grouping him with figures targeted in attacks? Or does it reflect something more serious that has not been publicly acknowledged?

In a country where state messaging is rarely accidental, the inclusion is difficult to dismiss outright. Yet without official confirmation, it remains in the realm of speculation.

Why Milk Prices Remain Steady In India Despite West Asia Tensions?

Divya Danu — Tue, 21 Apr 2026 17:59:46 +0530

The government has said that milk and dairy products are available across India without any shortage. Prices have also remained stable, even as tensions continue in West Asia. Officials confirmed that the dairy sector has not faced any major problems in supply, production or distribution during this period.

Milk supply remains smooth across the country

According to the Department of Animal Husbandry and Dairying, milk collection, processing and delivery have continued normally. Officials said:

Milk supply has not been interrupted
Dairy products are available in markets
Payments to farmers are being made on time

This has helped maintain stability in both supply and pricing.

India’s strong dairy base

India is the world’s largest producer of milk. During 2024-25, the country produced about 247.87 million tonnes of milk. This large production capacity plays a key role in ensuring that supply remains steady, even during global disruptions.

Regular monitoring by the government

The government is closely watching the situation. A meeting was held with state milk federations and unions across India to review the impact of the West Asia crisis. Officials said they are:

Holding regular discussions with stakeholders
Tracking supply levels
Taking quick action if needed

This active monitoring has helped prevent problems before they arise.

Fuel supply secured for dairy plants

Fuel is very important for dairy processing plants. Without it, milk cannot be processed or transported properly.

Officials said there is no shortage of fuel or gas for the dairy sector.

A government order issued on April 8, 2026, ensured that dairy plants receive 70% of their usual LPG supply. This has helped avoid any disruption in operations.

Shift towards piped natural gas

To reduce dependence on LPG, dairy companies have been advised to switch to piped natural gas wherever possible. This step aims to:

Make fuel supply more stable
Reduce risk during global crises
Support long-term planning
No shortage of packaging materials

Plastic packaging is essential for milk products like packets and containers. Officials confirmed that:

There is no shortage of packaging material
Supplies are stable across the country

The government has worked with the Ministry of Petroleum and Natural Gas to solve earlier concerns.

Raw materials also available

Key materials like polypropylene and polystyrene, used to make plastic packaging, are also available in sufficient quantity. The government is working closely with suppliers to ensure smooth delivery of these materials to dairy companies.

New portal to track supplies

A special online portal was launched on March 30, 2026. This platform helps monitor:

Milk availability
Fuel supply
Packaging material

State federations and milk unions are connected to this system, allowing real-time tracking and quick response to any issue.

Support for exports

The government has also taken steps to support dairy exports. A simpler animal quarantine clearance process was introduced on March 25, 2026. This makes it easier for exported goods to return to Indian ports if needed. This step ensures that exporters do not face unnecessary delays.

Why prices have stayed stable

Several reasons have helped keep prices steady:

Strong milk production in India
Smooth supply chain operations
Adequate fuel and packaging availability
Regular government monitoring
Quick action on emerging issues

Together, these factors have prevented any price rise or shortage.

Despite global tensions, India’s dairy sector has remained stable and reliable. Milk supply continues without interruption and prices have not increased.

The government’s timely action, combined with strong production and planning, has helped maintain this balance.

(With inputs from agencies)

After OPEC: The UAE Exit and Washington’s Quiet Rewriting of the Oil Order

Dr Aparaajita Pandey — Wed, 29 Apr 2026 19:36:48 +0530

In energy geopolitics, the most significant changes rarely broadcast themselves as paradigm shifts. They usually appear disguised as technical disagreements over quotas, compliance, or market share. The United Arab Emirates’ decision to leave OPEC would be classified as such a moment. On quieter refection, these apparent production ceilings reveal themselves to be something else. Such changes are indicative of the gradual undoing of collective power of the OPEC and the culmination of a long U.S. effort to safeguard that oil and its trade can never be weaponised against the US and most of the western world as it was in 1973.

Why 1973 Still Shapes Oil Politics

It is important to understand the 1973 oil shock as a foundational moment of global energy statecraft. The 1973 oil crisis was not simply an economic interruption; it was a geopolitical reckoning. Arab producers, acting in consensus, established that control over supply especially through chokepoints like the Strait of Hormuz could transform into global leverage. The surge in prices and consequent inflationary pressures led to Western economies faltering due to foreign pressure, and they were not used to such dictates. As a result, Washington learned a lesson more enduring than the economic damage; it was that they the US never wanted to be held hostage or respond to pressures in such a manner. The U.S. reaction over the following decades was developing strategic reserves, promoting the International Energy Agency, and ultimately unleashing shale production which was devised to dilute that vulnerability. However, a reality that persisted was the untarnished cohesiveness of the OPEC and the leverage they held in global markets.

UAE’s Economic Logic Behind the Exit

The UAE’s formal justification behind leaving the OPEC is quite straightforward. OPEC’s quota system restricted its ambitions, and with billions invested in developing capacity, Abu Dhabi seeks the independence to produce and monetise at will. The logic is economically sound, particularly in a world where the energy transition is rapidly taking place and the opportunities for maximising hydrocarbon revenues are limited. Yet, it is hard to ignore the time at which this decision has been taken. The decision comes at a time when tensions instability in the region is at its peak and tensions involving Iran refuse to die. The volatility of the global energy markets can’t be ignored as UAE decides to pull out of OPEC. With this background, it seems that UAE has taken a step in its national interest, however the US’ influence behind it should not be ignored.

Is the US Behind OPEC’s Fragmentation?

This withdrawal is indicative of the UAE – US alignment. Washington has constantly opposed OPECs behaviour that controls oil supply and inflates prices. A major producer like the UAE moving away from OPEC achieves specifically what U.S. policy has sought for decades; greater supply flexibility and weakened coordinated control. With this backdrop it is easy to see that for the US, the erosion of OPEC starts with fragmentation and not direct confrontation.

OPEC’s strength comes majorly not only from owning a majority of the world’s most highly demanded resource but also the unity among its members to use the supply of crude oil as leverage. The UAE’s exit upsets this equilibrium. It is tempting to draw a parallel between UAE’s exit from OPEC to that of the famed BREXIT from the EU. Both worked on the same assumption; a domino effect of one member leaving, forcing the others to leave. While it did not happen in the case of EU, one will have to wait and watch for OPEC. It would not be incorrect to state that the stakes for OPEC countries are higher when it comes to fiscal gain and the pressure from the US was decidedly absent in the case of EU. UAE leaving the OPEC has introduced a precedent in a previously highly unified organisation. Even if other members do not follow immediately, the signal is unmistakable. OPEC risks losing the control it has over world politics that comes from its fundamentally collective nature of it transforms into a looser consultative forum, still relevant but no longer decisive. For Washington, this signifies strategic success achieved not through demolishing the institution, but by rendering it less unified and less adept of acting in unison.

The Strait of Hormuz Factor

At the centre of this revolution lies a persistent American objective of counterbalancing chokepoint risk. The Strait of Hormuz continues to be one of the most critical arteries of global energy flows, and its vulnerability has shaped decades of strategic thinking. The U.S. response has been multi-faceted, merging domestic production expansion with efforts to expand global supply and reduce dependence on any single route or bloc.

This shift is an evolution from collective power to energy nationalism. The competitive environment that is predicted after UAE’s departure would provide grounds for all member countries to put their national interests before the interests of OPEC. This could possibly lead to a competition among oil producing nations. This competition stands to intensify as newer energy markets are opening up and a transition when it comes to the choice of energy resources is also on the horizon.

India’s Opportunity — and Risk

For countries like India, this progressing landscape presents both opportunity and risk. A more competitive supply conditions could apply downward pressure on prices, offering relief to a major importers. It also increases diplomatic flexibility, allowing India to deepen bilateral energy ties and diversify sourcing strategies. The predicament however is, that the erosion of coordinated supply management establishes greater uncertainty. Markets will potentially become more sensitive to geopolitical shocks, and vulnerabilities. India’s long-standing emphasis on diversification and strategic autonomy thus becomes even more critical in navigating this emerging order.

The UAE’s exit from OPEC is not an isolated rupture. It is part of a longer historical arc that began in 1973, when oil was first deployed as a geopolitical weapon against the West. If 1973 revealed vulnerability, 2026 may point towards its strategic correction. OPEC might endure, but its era as a united force in global energy politics maybe at risk. In its place emerges a more fragmented and competitive order, one in which oil continues to matter, but collective leverage might be at risk.

Disclaimer: The opinions expressed are solely those of the author and do not reflect the views or stance of the organization. The organization assumes no responsibility for the content shared.

Markets Jolt As Iran Shuts Key Oil Route, Ceasefire Tensions Rise

Asianet Newsable English — Mon, 20 Apr 2026 19:12:54 +0530

European stocks fell Monday as oil prices surged over fears hostilities could resume in the weeks-long Middle East war, after Iran closed the Strait of Hormuz following its brief reopening.

Investors were on edge approaching the end of the US-Iran ceasefire, with Iran insisting it has no plan to attend a new round of negotiations with the United States.

"The market mood is very different at the start of the week compared to Friday," said Kathleen Brooks, research director at trading group XTB.

Crude had plunged Friday after the Islamic republic said it would again allow ships to pass through the Strait of Hormuz, through which a fifth of global oil and liquefied natural gas usually passes.

But world oil prices bounced on Monday as Iran closed the waterway and said the US blockade and seizure of an Iranian cargo ship breached the two-week ceasefire.

In Europe, Paris and Frankfurt stock markets shed more than one percent in midday deals, while London was down 0.8 percent.

That came after gains for Tokyo, Hong Kong and Shanghai.

"Asian shares rebounded as they were in catch-up mode, having missed the rally seen in the US and Europe on Friday," said AJ Bell investment director Russ Mould.

"European indices presented a truer picture of the market mood, with investor wariness and weariness amid the continuing tensions in the Middle East," he added.

The blockade of Iranian ports has been a significant sticking point in negotiations between the two countries, who have both traded accusations of ceasefire violations.

The Fars and Tasnim news agencies had earlier cited anonymous sources as saying "the overall atmosphere cannot be assessed as very positive", adding that lifting the US blockade was a precondition for negotiations.

There has so far been only one negotiating session, held in Islamabad on April 11 that ended inconclusively, although groundwork for fresh talks continued afterwards.

"We're offering a very fair and reasonable DEAL, and I hope they take it," Trump said in a social media post Sunday, while also renewing his threats against Iran's infrastructure if a deal is not made.

Iran's Revolutionary Guards warned that any attempt to pass through the strait without permission "will be considered cooperation with the enemy, and the offending vessel will be targeted".

Chris Weston at Pepperstone said traders were assessing "whether the ceasefire can be salvaged through this week’s diplomatic talks, with recalibration on the probability of military escalation".

"Without a comprehensive agreement on Iran’s nuclear programme, the ceasefire remained fragile."

Key figures around 1100 GMT

West Texas Intermediate: UP 6.0 percent at $87.51 a barrel

Brent North Sea Crude: UP 5.0 percent at $94.88 a barrel

London - FTSE 100: DOWN 0.8 percent at 10,583.30 points

Paris - CAC 40: DOWN 1.2 percent at 8,322.53

Frankfurt - DAX: DOWN 1.5 percent at 24,341.13

Tokyo - Nikkei 225: UP 0.6 percent at 58,824.89 (close)

Hong Kong - Hang Seng Index: UP 0.8 percent at 26,361.07 (close)

Shanghai - Composite: UP 0.8 percent at 4,082.13 (close)

New York - Dow Jones: UP 1.8 percent at 49,447.43 (close)

Euro/dollar: DOWN at $1.1770 from $1.1776 on Friday

Pound/dollar: DOWN at $1.3517 from $1.3530

Dollar/yen: UP at 158.95 yen from 158.49 yen

Euro/pound: UP at 87.08 pence from 87.02 pence

(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed)

Why Iran Has Still Not Buried Supreme Leader Ali Khamenei

Divya Danu — Sun, 19 Apr 2026 16:03:20 +0530

Over a month after his death in a US-Israel airstrike, Iran has not yet buried Supreme Leader Ali Khamenei due to serious security concerns. Planned funeral events were cancelled amid ongoing conflict and fears of attacks or unrest.

More than a month after the death of Iran’s Supreme Leader Ali Khamenei, his burial has still not taken place. The delay is unusual, especially in a country where state funerals are often held quickly and on a large scale.

Officials, as quoted by New York Post, say they are still deciding how and when to organise the funeral, mainly due to safety concerns.

Khamenei, aged 86, was killed on February 28 in a joint airstrike by the United States and Israel. The attack marked a sharp rise in tensions and led to a wider conflict involving Iran.

In the days that followed, the country faced heavy bombing, making it difficult to carry out public events safely.

Iran had first planned a three-day state funeral starting March 4. However, these plans were cancelled as the conflict intensified.

Officials later said they expected a very large number of people to attend, which made security planning more difficult. Since then, no new date has been announced.

Comparison with past funerals

The delay is even more noticeable when compared to the funeral of Ruhollah Khomeini in 1989.

At that time, millions of people gathered in Tehran to pay their respects. In contrast, there have been no such large public scenes after Khamenei’s death.

Experts say the current situation in Iran is very different, with ongoing tensions and security fears.

Security fears behind delay

Officials are worried about several risks if a large funeral is held. These include:

Possible airstrikes by Israel
Risk of protests or counter-rallies
General safety of large crowds

Security expert Behnam Taleblu from the Foundation for Defense of Democracies said Iran may not be strong enough right now to manage such a large event.

He said the government is “too afraid and too weak” to take the risk.

Another concern is the absence of Mojtaba Khamenei, who is believed to have taken over as the new supreme leader.

He has not appeared in public since the transition, raising questions among observers.

Experts also point to reports of a long internet shutdown, suggesting the government is trying to control information and public reaction.

Possible burial site under discussion

Reports suggest that Iran is considering Mashhad as a possible burial site.

Mashhad is Khamenei’s hometown and is located far from Israel, which could make it safer.

The city is also home to the shrine of Imam Reza, one of the most important religious sites in Shia Islam. The area already has strong security, which may help protect the site.

A temporary truce between the US and Iran was signed on April 8, offering a brief pause in fighting. However, the situation remains uncertain, and the truce is expected to end soon.

Until the security situation improves, officials may continue to delay the funeral.

The delay in Khamenei’s burial shows how much the situation in Iran has changed.

In the past, such events were used to show unity and strength. Now, the government appears cautious and unsure.

As the country deals with conflict and internal challenges, even a major state funeral has become difficult to organise.

How Iran's Hormuz Move Sent Oil Tumbling And Stocks Soaring Worldwide

Divya Danu — Fri, 17 Apr 2026 19:53:41 +0530

Oil prices fell sharply and global stock markets surged after Iran announced that the Strait of Hormuz would remain open during ceasefire. The move eased fears of supply disruptions, bringing oil below $90 per barrel. Investors reacted positively.

Global markets saw a sharp shift on Friday after Iran announced that the Strait of Hormuz would remain open during the ongoing ceasefire. Oil prices dropped quickly, while stock markets in the United States and Europe moved higher.

This sudden change has raised hopes that tensions in the Middle East may ease and global trade could return to normal.

Abbas Araghchi, Iran's Foreign Minister, said that the Strait of Hormuz would be “completely open” for commercial ships during the ceasefire period.

He wrote on social media that all vessels can pass through the route, though they must follow a coordinated path set by Iranian authorities.

In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran.

— Seyed Abbas Araghchi (@araghchi) April 17, 2026

This announcement is important because the Strait of Hormuz is one of the world’s most critical shipping routes for oil.

The Strait of Hormuz is a narrow waterway through which about one-fifth of the world’s crude oil passes.

During the recent conflict involving the United States, Israel, and Iran, the route faced disruptions. This pushed oil prices up to nearly $120 per barrel and created fears of a global economic slowdown.

Any change in the status of this route directly affects fuel prices, transport costs, and the wider economy.

Immediate impact on oil prices

After Iran’s announcement, oil prices dropped sharply.

Brent crude fell nearly 10 percent to about $89.56 per barrel West Texas Intermediate (WTI) dropped over 10 percent to around $81.88 per barrel

This was one of the biggest single-day drops in recent times.

Market experts said the fall shows how quickly oil reacts to news about supply routes and conflict.

At the same time, stock markets rose. In the United States:

The Dow Jones increased by about 1.3 percent
The S&P 500 rose by around 0.7 percent
The Nasdaq Composite gained nearly 0.9 percent

These gains added to record highs reached earlier.

European markets also climbed, with Germany’s DAX and France’s CAC 40 rising by around 2 percent.

However, Asian markets mostly closed lower. Tokyo’s Nikkei dropped after hitting a record high a day earlier, while Hong Kong and Shanghai also saw slight declines.

Lower oil prices often reduce costs for businesses and transport. This improves company profits and supports economic growth.

Experts also said the market is reacting to hopes that the conflict may end soon.

Kathleen Brooks from XTB said this is the biggest positive development during the ceasefire and could bring supply chains back to normal.

Another analyst, David Morrison, pointed out that the strong rise in markets is forcing some investors to re-enter quickly, adding to the rally.

The announcement is linked to ongoing ceasefire efforts in the region. There is some confusion about whether it refers to:

A 10-day ceasefire between Lebanon and Israel Or an earlier two-week truce between Iran and the United States

Still, the move has increased hopes for further peace talks.

Donald Trump also confirmed that the strait is open but said that the US blockade on Iran’s ports is still in place.

He added that talks are ongoing and leaders may soon meet to push for peace.

Global leaders step in

Efforts are also being made at the international level.

Emmanuel Macron and Keir Starmer held talks with allies about possibly sending a multinational force.

The goal would be to ensure that trade continues smoothly through the Strait of Hormuz once the conflict ends.

Market experts say emotions are also playing a role.

The sharp rise in stocks has created a “fear of missing out” among investors. Many who sold earlier during the conflict are now buying again to avoid losses.

David Morrison noted that the S&P 500 has risen nearly 12 percent in just over two weeks, showing how quickly markets can recover.

Strong company earnings in the first quarter are also supporting this upward trend.

Currency markets and global indicators

Currency markets also reflected the changes:

The euro and pound rose against the dollar The Japanese yen strengthened slightly The dollar weakened overall

These shifts show growing confidence among investors.

What happened in Asia and global indices

Asian markets did not follow the same trend fully.

Tokyo’s Nikkei index fell by 1.8 percent after reaching a record high earlier. Hong Kong’s Hang Seng dropped 0.9 percent, while Shanghai saw a small decline.

Taiwan’s TAIEX index also fell after reaching a major milestone, becoming one of the world’s largest indices by value.

While the overall market was positive, some companies faced losses.

Streaming giant Netflix dropped more than 10 percent after weak forecasts disappointed investors.

Its co-founder Reed Hastings also announced he would step down as chairman in June.

The reopening of the Strait of Hormuz is a major step towards stability. Lower oil prices can reduce inflation and ease pressure on economies worldwide.

At the same time, rising stock markets show growing confidence that the conflict may not last long.

However, risks remain. The situation depends on how long the ceasefire holds and whether peace talks succeed.Key things to watch in the coming days include:

Whether the ceasefire continues
Progress in peace talks
Any changes in US sanctions or blockades
Stability in oil supply routes
Markets are likely to remain sensitive to every update.

Iran’s decision to keep the Strait of Hormuz open has had a powerful effect on global markets. Oil prices dropped sharply, while stock markets surged on hopes of peace.

While the situation is still uncertain, this move has brought some relief to investors and economies around the world.

Reza Pahlavi Targeted With Red Liquid in Berlin Amid Iran Tensions, Protester Arrested (WATCH)

Asianet Newsable English — Thu, 23 Apr 2026 18:01:53 +0530

A tense moment unfolded in the German capital on Thursday when Reza Pahlavi, Iran’s exiled Crown Prince, was splattered with red liquid as he exited a press engagement. The incident occurred outside the federal press conference building shortly after Pahlavi had addressed reporters, where he delivered pointed criticism of the ceasefire between the United States and Iran.

What Happened Outside the Press Conference

Eyewitness accounts suggest that as Pahlavi stepped out of the venue, a demonstrator approached and hurled a red substance—later believed to be tomato sauce—onto the back of his blazer and neck.

Despite the shock of the moment, Pahlavi appeared composed. He was not injured, briefly acknowledged supporters gathered nearby, and was quickly escorted into a waiting vehicle that drove him away from the scene.

German police acted swiftly, detaining the suspect on the spot. Authorities have not released the individual’s identity, citing privacy regulations.

BREAKING: Pahlavi attacked by "protester" pic.twitter.com/oDBFdXUqI6

— Mossad Commentary (@MOSSADil) April 23, 2026

Iran's exiled Crown Prince Reza Pahlavi was splattered with red liquid outside a press conference in Berlin.The suspect was immediately detained by German police.Pahlavi’s father, the Shah, was overthrown in 1979 after millions took to the streets.The red liquid was… https://t.co/ox196GNOsp pic.twitter.com/WTfCzb12gP

— Mario Nawfal (@MarioNawfal) April 23, 2026

A Protest, Not an Attack

Police indicated that the liquid did not appear to be harmful, reinforcing the likelihood that the act was symbolic—a form of protest rather than an attempt to cause physical harm.

Still, the optics were striking. The image of Iran’s most prominent exiled royal figure being doused in public raises fresh questions about how he is perceived—not only within Iran but also among the diaspora and international observers.

A Divisive Legacy

At 65, Pahlavi remains a controversial figure. He is the son of Mohammad Reza Pahlavi, the last Shah of Iran, whose rule ended in the Iranian Revolution after mass protests forced the monarchy’s collapse.

While Pahlavi has spent nearly five decades in exile, he continues to position himself as a potential leader should Iran’s current system fall. However, the depth of his support—inside Iran and among Iranians abroad—remains uncertain.

Supporters Show Up in Berlin

Earlier in the day, hundreds of supporters backed Pahlavi and his call for political change in Iran. Their presence highlighted that, despite the controversy surrounding him, Pahlavi still commands a base that sees him as a symbol of an alternative future for Iran.

Pahlavi, addressing journalists, called on European governments that have stayed out of the US-Israeli war against Iran to take other steps, from expelling Iranian ambassadors to helping Iranian citizens access the blockaded internet.

"The whole narrative of ceasefire and negotiation is still based on thinking that ... you're going to deal with people who all of a sudden have become pragmatists," said Pahlavi, who was visiting Germany after stops in Sweden and Italy.

"I don't see that happening," he said, condemning Iran's new leaders after the killing of supreme leader Ali Khamenei and other senior figures as "different faces of the same machine".

Pahlavi said Iran had "slaughtered innocent citizens by the thousands" and threatens Europe with long-range missiles. "No deal will solve this. No negotiations will solve this. It is in their DNA."

Pahlavi Positions Himself for Power Amid Divisions

Pahlavi, whose father Mohammad Reza was brought down by the 1979 Islamic revolution, has repeatedly said he was ready to lead a transition if the Islamic republic fell in the war that erupted in late February.

He however represents just one of several Iranian diaspora groups, who are often bitterly at loggerheads, and has failed to win recognition from US President Donald Trump, who has never officially met with Pahlavi and repeatedly expressed scepticism over his ability to lead Iran.

German Chancellor Friedrich Merz's government was not due to meet Pahlavi, according to a Berlin spokesman, although several lawmakers were to hold talks with him.

The ousted shah's son was boosted by protesters chanting the name of the family dynasty during January rallies against the clerical system and then vast pro-monarchy demonstrations in February in Munich and several cities in North America.

"Inside Iran, tens of millions of Iranians chanted my name, and they still do," Pahlavi told the Berlin press conference, adding that "today's Gen Z in Iran are my biggest supporters".

Looking ahead, he voiced hopes for a popular uprising, saying that "the strategy is ultimately for people to be able to reclaim the streets".

(With inputs from AFP)

Why Oil Is Climbing Even After US-Iran Ceasefire Extension

Divya Danu — Wed, 22 Apr 2026 19:13:13 +0530

Oil prices moved higher on Wednesday, even after the United States extended its ceasefire with Iran. This shows that markets are still worried about the situation in the Middle East. Brent crude, the global oil benchmark, moved close to 100 dollars a barrel. At the same time, US oil, known as West Texas Intermediate, traded above 90 dollars. Investors are not fully calm because the conflict has not ended. There is still no clear agreement, and tensions remain high.

Why oil prices are rising

Experts say the main reason behind rising oil prices is uncertainty. Even though the ceasefire has been extended, it has not solved the bigger problem. The supply of oil from the Middle East is still at risk.

Susannah Streeter, a market expert, said that shipments from the region are still unclear. This means oil may not reach markets smoothly.

When supply is uncertain, prices usually go up.

Strait of Hormuz remains a key concern

One of the biggest worries is the Strait of Hormuz. This narrow waterway is very important because a large share of the world’s oil passes through it.

Iran has restricted movement in this area since the war began with the United States and Israel. This has made it harder for ships to move freely.

Any problem in this route can affect oil prices across the world.

Fresh attacks raise fears

Adding to the tension, Iranian forces were involved in fresh incidents at sea. Reports said Iranian gunboats attacked at least one container ship in the Strait of Hormuz. The ship was damaged, though no one was hurt.

In another move, Iran said it seized two container ships that were trying to pass through the strait.

These ships were identified as MSC Francesca and Epaminodas. Their last known positions were close to the Iranian coast.

Such actions have raised fears that the situation could worsen again.

More vessels face trouble

According to maritime reports, three commercial ships faced incidents involving gunboats.

One ship was fired upon and damaged. Another was stopped near the Iranian coast. A third ship, named Euphoria, was also targeted while leaving the strait.

These events show that the waterway remains unsafe, even during a ceasefire.

US blockade adds pressure

The United States has continued its blockade of Iranian ports. This means ships going to or coming from Iran are being stopped or checked by US forces.

Recently, US forces boarded a vessel described as “stateless and sanctioned”. This ship was believed to be linked to Iran.

Such actions have increased tension between both sides.

Ceasefire extended but not stable

US President Donald Trump announced that the ceasefire would be extended beyond its original date. The truce first started on April 8. It was extended to give more time for talks.

Trump said the decision came after a request from Pakistan, which is trying to help both sides reach a deal.

However, the ceasefire does not mean peace. There is still no final agreement.

Iran remains cautious

Iran has not fully accepted the ceasefire extension. Reports suggest that Iranian officials are not convinced by the US move.

Some have warned that Iran may try to break the US blockade if needed.

Experts say both countries are trying to gain an advantage before any talks begin.

Global markets react with caution

Stock markets also showed signs of worry. In Europe, major markets like London, Paris, and Frankfurt saw small declines. In Asia, markets were mixed. Some rose slightly, while others fell.

In the United States, the Dow Jones index also closed lower. This shows that investors are being careful and not taking big risks.

Currency markets show minor changes

Currency markets did not see major changes.

The euro and pound rose slightly against the dollar, while the dollar stayed steady against the yen. These small movements reflect the uncertain mood in global markets.

UK inflation rises

In Britain, new data showed that inflation increased to 3.3 percent in March.

Higher oil and gas prices played a big role in this rise.

This shows how the Middle East conflict is affecting everyday life in other countries as well.

Political developments in the US

Away from the conflict, attention is also on the US Federal Reserve.

Kevin Warsh, who may replace Jerome Powell as head of the central bank, faced questions from lawmakers.

He said he would act independently and not be controlled by political pressure.

This comes after Trump criticised current policies and called for lower interest rates.

Pakistan’s role in peace talks

Pakistan is playing an important role as a mediator. Its leaders have asked for more time to help both sides reach an agreement.

However, earlier talks failed, with Iran accusing the US of making too many demands.

It is still unclear if new talks will succeed.

United Nations and global response

The United Nations has welcomed the ceasefire extension. Secretary-General Antonio Guterres said it was a positive step.

However, global leaders are still concerned about the situation in the Strait of Hormuz. Many countries depend on this route for energy supplies.

Conflict spreads to other areas

The impact of the conflict is also being felt in Lebanon. An Israeli strike there killed one person and injured two others. Hezbollah has also launched rockets towards Israel, accusing it of breaking the ceasefire.

This shows that tensions are not limited to one area.

Heavy losses reported

According to official figures, Israeli strikes in Lebanon have killed more than 2,400 people since the war began. This highlights the serious human cost of the conflict.

Life inside Iran remains difficult

People in Iran say life has become harder, even after the ceasefire. A resident said that many people are struggling and not doing well.

This shows that the effects of the conflict are being felt by ordinary citizens.

Future remains uncertain

Right now, the situation is still unclear.

Oil prices remain high, shipping routes are risky, and talks have not yet succeeded. Experts say the coming days will be very important.

If tensions rise again, oil prices could increase further.

The Middle East plays a key role in global energy supply. Any problem in this region can affect fuel prices, transport costs, and even food prices worldwide.

This is why investors, governments, and ordinary people are closely watching events.

(With AFP inputs)

'Our Staff Wears Diamond Watches, I Don't': When Yusuff Ali's Heartwarming Remark Won Hearts (WATCH)

Divya Danu — Sat, 25 Apr 2026 15:20:42 +0530

A warm and cheerful video involving billionaire businessman MA Yusuff Ali has resurfaced, winning hearts online again. The Dubai-based Indian businessman was seen joking with one of his employees in a video shared on Instagram. The clip has quickly gone viral, with many praising his humble nature.

View this post on Instagram

A post shared by yusuffalimafc (@yusuffalimafc)

A light-hearted moment

In the video, Yusuff Ali can be heard saying in Hindi, "Hum zindagi mein diamond watch nahi pehente. Humara staff pehenta hai."

In English, this means, "I do not wear a diamond watch in my life. My staff does."

He then called over an employee to show the expensive watch the man was wearing.

The moment made people smile instantly.

A special Kerala connection

Yusuff Ali then spoke briefly with the employee and discovered that he was also from Kerala. That made the moment even more special.

"I am very happy he is from my state, Kerala, wearing a diamond," he said warmly. He then patted the employee on the shoulder and gave him a hug.

The video was reshared on a fan account on instagram with the simple caption: "Diamond watch." The video was earlier shared in October 2023:

View this post on Instagram

A post shared by yusuffalimafc (@yusuffalimafc)

Social media loved it

The clip quickly attracted thousands of reactions. Many users praised Yusuff Ali for his kindness and simplicity.

One person wrote, "He is a gem of a person."

Another commented, "I want to be like him."

Many others posted heart and clapping emojis.

The video once again showed why he is admired by so many people.

Who is Yusuff Ali?

Yusuff Ali is the chairman and managing director of LuLu Group International. He was born in Kerala in 1955 and completed his schooling at St. Xavier's High School.

In 1973, he moved to Abu Dhabi to join his uncle's business. Years later, he opened the first LuLu Hypermarket in Dubai in 2000.

Today, LuLu has grown into one of the biggest retail chains in the Middle East and beyond.

The company operates around 240 hypermarkets and shopping malls across several countries.

A business giant

Often called the "Middle East retail king", Yusuff Ali oversees a business empire with billions in revenue. According to Forbes, his estimated net worth is around $5.5 billion.

In 2024, LuLu Retail raised $1.7 billion after listing on the Abu Dhabi stock exchange.

His investments also include a stake in Cochin International Airport.

He also owns luxury properties such as the Waldorf Astoria Edinburgh - The Caledonian and the Great Scotland Yard Hotel.

Known for kindness

Yusuff Ali is respected not just for his business success, but also for his generosity. During the Covid-19 pandemic, he donated millions of dollars and helped build a large treatment centre in Kerala.

He is also known for his close relationship with employees. In 2025, many people were moved when a video showed him helping carry the coffin of an employee who had died.

The diamond watch moment is another reminder of why people admire him so deeply.

'Every Time Your Polls Drop...': Iran's Lego-Style Video Mocks Trump Over White House Dinner Shooting (WATCH)

Asianet Newsable English — Mon, 27 Apr 2026 09:26:20 +0530

A bizarre and sharply satirical video has surfaced online in the aftermath of the shooting at the White House Correspondents’ Dinner in Washington, with Iran-linked creators taking aim at US President Donald Trump through a Lego-style animated “diss track.”

The video, which has quickly gone viral across social media platforms, uses a rap format to mock Trump’s leadership and question the narrative surrounding the dramatic evacuation during the high-profile event.

Also read: Trump rejects WHCA dinner shooter's manifesto, calls him 'sick'

Satire meets geopolitics

At first glance, the clip appears playful — Lego-like characters, bright visuals, and a catchy beat. But the messaging is anything but light.

The track delivers pointed criticism of Trump’s leadership style, accusing his administration of manipulating public perception during moments of crisis. One of its central lines states: "Every time your polls drop, you pull up the same scheme."

The implication is clear: the video suggests that moments of chaos are politically convenient, used to divert attention when approval ratings dip.

Another biting line reads: "Snowflake ego so high, can't handle the smoke. Hire the mentalist, so you don't get roasted."

The lyrics repeatedly target Trump’s personality, portraying him as thin-skinned and overly concerned with image.

Holy shit, how is Iran banging these LEGO videos out so damn quickly?"Shots fired, whole place got swatted out...Staging the whole sceneEvery time your polls drop lowYou pull this same scheme."Even THEY think it was staged.pic.twitter.com/O7uv6ykxib

— BrooklynDad_Defiant!☮️ (@mmpadellan) April 26, 2026

Referencing the dinner chaos

The timing of the video is significant. It comes just after the disruption at the White House Correspondents’ Dinner, where reports of gunfire triggered panic inside the venue.

Trump, who was speaking at the time, was swiftly escorted out by security personnel. Guests — including First Lady Melania Trump, Vice President JD Vance, Secretary of State Marco Rubio, and Defence Secretary Pete Hegseth — were later evacuated in an orderly but tense sequence.

The video leans heavily into that moment, using phrases like "empty plates," "rushed exit," and "staged scene" to suggest the incident was more spectacle than substance.

It goes further, claiming that despite the panic, “nothing actually happened,” framing the episode as confusion amplified into drama.

A narrative battle

Beyond the mockery, the video underscores a deeper message — that control over narratives differs across borders.

One recurring theme suggests that while Trump may shape media discourse within the United States, he cannot extend that influence globally, particularly in adversarial regions like Iran.

Another lyric drives this point home: "You control the dinner, but you lost the same. You control the narrative, but you still a loser."

The track also hints at economic dissatisfaction and eroding support, claiming: "MAGA waking up, country going broke."

Also read: Trump Gala Shooting: Lawmakers Unite, Say Violence Has No Place in US

More than just a one-off

This is not the first time such content has emerged. Analysts note a pattern of AI-generated, satirical videos linked to pro-Iran networks targeting Trump.

Earlier this month, YouTube took down a channel associated with “Explosive Media,” a group widely suspected of ties to Iranian influence operations. The creators had built a following with similar Lego-style videos mocking Trump and US politics.

The latest clip appears to follow that template — visually engaging, easily shareable, and politically loaded.

Humour with an edge

While the video is framed as satire, its tone is unmistakably sharp. It portrays Trump as “super fragile,” claims he is mocked behind closed doors, and suggests that public strength is merely performative.

Its viral spread highlights how political messaging is evolving — blending humour, AI-generated visuals, and music to reach younger, digital-first audiences.

What might once have been dismissed as fringe content is now part of a broader information ecosystem, where memes and music videos double as geopolitical commentary.

Why it matters

The emergence of such content points to an ongoing digital narrative war — one where perception can be shaped not just through official statements, but through viral culture.

In this case, a Lego-style rap video has managed to capture global attention, turning a moment of confusion in Washington into an international talking point — and a fresh front in the long-running tension between the US and Iran.

Global Military Spending Explodes to $2.9 Trillion Amid Wars: What Is the World Preparing For?

Asianet Newsable English — Mon, 27 Apr 2026 11:01:11 +0530

Global military spending reached nearly $2.9 trillion in 2025, marking an 11th consecutive year of growth, researchers said Monday, as insecurity and rearmament fuelled defence budgets.

The three top spenders -- the United States, China and Russia -- spent a combined total of $1.48 trillion, just over half of global expenditure.

Spending rose by 2.9 percent compared with 2024, despite a reduction by the US, the world's biggest spender, according to a report by the Stockholm International Peace Research Institute (SIPRI).

Researcher Lorenzo Scarazzato told AFP the decrease from the US was more than offset by increases in Europe and Asia, as the world marked "another year of wars and increased tensions".

Scarazzato said this was also reflected in the global "military burden" -- the share of worldwide GDP devoted to military spending -- which reached its highest level since 2009.

"Everything points to a world that feels less secure and is spending on its military to compensate for the global landscape," he said.

The US spent $954 billion, 7.5 percent less than in 2024, largely because no new financial military aid to Ukraine was approved. By contrast, Washinhton pledged a total of $127 billion to Kyiv over the previous three years.

But the decrease is expected to be short-lived as the US Congress has approved spending of over $1 trillion for 2026, which could rise to $1.5 trillion in 2027 if US President Donald Trump's budget proposal passes.

The main driver of the global increase was Europe -- including Russia and Ukraine -- where spending surged 14 percent to $864 billion.

"That is driven by two major factors. One is the ongoing war in Ukraine, and the other is the decreased US engagement with Europe," Scarazzato said.

He explained that the US is "pushing for Europe to take more care of its own defence".

Germany, the fourth-largest spender, raised expenditure by 24 percent in 2025 to $114 billion.

Spain also recorded a 50 percent jump to $40.2 billion, pushing military spending above two percent of GDP for the first time since 1994.

Middle East tensions

The ongoing war in Ukraine saw both Russia and Ukraine increase their military spending, with each recording the highest share of government spending allocated to the military.

Russia's spending rose 5.9 percent to $190 billion, equivalent to 7.5 percent of GDP.

Ukraine meanwhile boosted spending by 20 percent to $84.1 billion -- a staggering 40 percent of GDP.

Despite persistent tensions in the Middle East, expenditure in the region rose only marginally, by 0.1 percent, to $218 billion.

While most countries in the region increased spending, Israel and Iran actually recorded declines.

In Iran, it fell 5.6 percent to $7.4 billion, but this was mostly due to high annual inflation of 42 percent. In nominal terms, spending actually rose.

Israel's 4.9 percent drop to $48.3 billion reflected a reduced intensity in the Gaza war after a January 2025 ceasefire deal, the researchers explained, while noting Israeli spending was still 97 percent higher than in 2022.

In Asia and Oceania, spending reached $681 billion, an 8.5 percent increase from 2024 -- the region's largest annual increase since 2009.

Scarazzato said the "major player" in the region was China, which has been increasing spending every year for the past three decades, and spent an estimated $336 billion in 2025.

"But perhaps what's interesting is the reaction of some other states, such as South Korea, Japan, and Taiwan, reacting to the threat perception," he said.

Japan raised military expenditure by 9.7 percent, to $62.2 billion in 2025, equivalent to 1.4 percent of GDP -- its highest share since 1958 -- while Taiwan increased its spending by 14 percent to $18.2 billion.

(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)

Tehran Turns Into Conflict Canvas: Iran’s Murals Project Defiance in War With US (PHOTOS)

Asianet Newsable English — Wed, 22 Apr 2026 18:21:39 +0530

Since the outbreak of war between Iran, Israel and the United States, colourful murals have sprung up across capital Tehran and other major cities, rich in symbolism and themes of resistance and defiance.

Murals and banners have long been a defining feature of Iran's urban landscape, particularly in Tehran, where such paintings in central squares mirror the state's political messaging and foreign policy.

Murals as Tools of Political Messaging

Since the 1979 revolution which established the Islamic republic, such imagery has served as a medium to reflect ideology and collective memory.

In recent days, a mural in Tehran showed a US aircraft carrier carrying rows of coffins draped in American flags, surrounded by small Iranian-flagged boats and a helicopter.

The image evoked dominance at sea, as Iran's armed forces continue a blockade of the strategic Strait of Hormuz, a conduit for a fifth of the world's oil and liquefied natural gas in peacetime.

Another mural depicts a man raising both arms, each wrapped in the Iranian flag, his hands forming a heart.

Another shows the Iranian flag flowing across the wall with its tulip-shaped emblem bearing a missile in its centre, while a young woman carries a banner reading: "We have all come for the revolution," referencing support for the 1979 Islamic revolution.

Elsewhere, a mural traces a line of clerical leadership in Iran.

From Khomeini to Mojtaba: Leadership in Art

It begins with founder of the Islamic republic Ruhollah Khomeini, followed by Ali Khamenei, who was killed in the opening US-Israel attack of the war on February 28, and culminating with his successor and son Mojtaba Khamenei.

Separate works depict Iranian drones shattering the Star of David, the emblem of Israel's flag, while one mural shows demonstrators gathered before Azadi Square, chanting "Death to America," with one holding a portrait of Ali Khamenei.

Among the most striking long-standing anti-US murals are those around the former US embassy in central Tehran, now a museum known as the "Den of Spies."

One depicts a fractured Statue of Liberty with a broken arm surrounded by scenes of destruction, while another shows the US flag with skulls replacing its stars.

(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)

Could Iran Be Forced To Shut Oil Wells As Storage Tanks Fill Up?

Divya Danu — Wed, 29 Apr 2026 16:02:38 +0530

Iran's oil industry is facing one of its biggest challenges in years. A US naval blockade near the Strait of Hormuz has sharply reduced Iran's ability to export crude oil. As a result, millions of barrels are piling up inside the country. Storage tanks are filling fast. Oil tankers are being used as floating storage. Even old ships are being brought back into service.

️ Iran Has 22 Days of Oil Storage Left, Kpler SaysIran is rapidly running out of places to store crude oil, with only 12 to 22 days of unused storage capacity remaining, according to shipping data firm Kpler, reported by Bloomberg. ▪️Iranian crude exports have reportedly… pic.twitter.com/6fYmxmtR17

— Drop Site (@DropSiteNews) April 28, 2026

Experts now warn that Iran could soon run out of room to store its oil. If that happens, Tehran may have no choice but to cut production even more, or even shut some oil wells entirely.

Why Iran is facing this crisis

The problem began after the United States tightened pressure on Iran earlier this month. On April 13, Washington imposed a naval blockade targeting Iranian ports and oil tankers operating near the Strait of Hormuz.

This waterway is one of the world's most important shipping routes. A large share of global oil passes through it every day.

Before the blockade, Iran was exporting oil without major disruption. But tanker traffic has now slowed dramatically.

That has created a serious bottleneck.

Exports have collapsed

The numbers show just how severe the situation has become. According to shipping data firm Kpler, Iran exported about 1.85 million barrels per day in March.

Between April 14 and April 23, that figure dropped to just 567,000 barrels per day. That is a fall of almost 70 percent.

Even more striking, Kpler says it has not seen any Iranian tanker successfully bypass the blockade.

Only a handful of cargoes have left Iranian ports since the restrictions were imposed.

Storage space is disappearing fast

Iran is still pumping oil from its fields, even though exports have fallen sharply. That oil has to go somewhere.

Much of it is now being stored on land or loaded onto tankers waiting offshore. Kpler estimates Iran has only 12 to 22 days of usable storage capacity left.

Its onshore crude stockpiles have already risen by about 4.6 million barrels. They now stand at nearly 49 million barrels.

Total capacity is estimated at around 86 million barrels, though not all of that can be used safely or easily.

Why full storage is dangerous

Oil producers cannot simply keep pumping forever. Once storage tanks are full, production must slow down. Operators usually cut output before reaching maximum capacity. They need spare room for safety and smooth operations.

If Iran waits too long, it could face serious technical problems.

In the worst case, some oil wells may need to be shut. Restarting them later can be costly and complicated. Sometimes, production never fully returns to previous levels.

Production is already falling

Goldman Sachs estimates Iran has already cut output by as much as 2.5 million barrels per day. If the blockade continues, Kpler believes production could fall even further.

By mid-May, Iran's crude output could drop to around 1.2 to 1.3 million barrels per day. That would be more than half below normal levels.

Such a decline would be a major blow to Tehran.

Iran revives old tanker

To buy time, Iran has turned to unusual measures. It has reportedly reactivated the Nasha, a 30-year-old oil tanker. The ship is being used as extra floating storage. This shows just how serious the situation has become.

When countries start dusting off ageing tankers, it usually means available storage is running dangerously low.

Can Iran send oil by rail?

Iran is also trying another option. According to The Wall Street Journal, Tehran is exploring rail exports to China. Rail links connect Iran to Chinese cities such as Yiwu and Xi'an.

But moving oil by train is expensive and slow. The journey can take weeks.

For China's smaller independent refineries, known as teapots, tanker shipments are far cheaper. That makes rail a temporary fix at best.

Financial pain will come later

Interestingly, Iran may not feel the financial hit immediately. Iranian crude usually takes about two months to reach China. Payment often takes another two months after delivery.

That means the full impact on government revenues may not become clear for three to four months. For now, the storage problem is the more urgent threat.

US issues fresh warning

US Treasury Secretary Scott Bessent said Iran's oil industry is already beginning to shut down. He wrote on social media that the surviving leaders of the Islamic Revolutionary Guard Corps were "trapped".

He also warned that Iran could soon face petrol shortages.

His comments underline Washington's confidence that the blockade is working.

Peace talks remain uncertain

At the same time, diplomatic efforts are continuing. Iran has reportedly proposed a plan that would reopen shipping through the Strait of Hormuz.

In return, it wants the United States to lift its blockade. US Secretary of State Marco Rubio said the proposal was better than expected.

However, he insisted any final agreement must stop Iran from developing nuclear weapons. Iran rejected what it called America's "illegal and irrational demands".

That means a breakthrough is far from certain.

Oil prices are climbing

Markets are reacting quickly. Brent crude rose above $113 a barrel on Wednesday. US West Texas Intermediate climbed above $101.

Both are well above levels seen before the latest escalation.

Traders fear that a prolonged blockade could remove even more oil from global markets. That would push prices higher still. The Strait of Hormuz is one of the most important oil routes on Earth.

It connects the Persian Gulf to the Arabian Sea.

Around one-fifth of the world's oil supply normally passes through it. Any disruption there immediately affects global energy prices.

That is exactly what is happening now.

Wider impact on the region

The conflict is affecting more than just Iran. Regional producers including Saudi Arabia, Iraq, Kuwait and the United Arab Emirates have also reduced output since fighting began.

This has tightened global supply further.

The UAE's recent decision to leave OPEC and OPEC+ added another twist, though markets reacted calmly.

What analysts are saying

Stephen Innes of SPI Asset Management summed up the situation clearly. Iran wants the blockade removed. The United States controls that decision.

Meanwhile, every extra day adds pressure. Storage fills up. Production risks rise.

And oil markets become more nervous.

If the blockade continues, Iran faces a difficult choice. It can either keep storing oil until capacity runs out, or cut production more aggressively now.

Neither option is attractive.

A diplomatic breakthrough would ease the crisis quickly. But talks remain fragile.

For now, the clock is ticking.

A high-stakes energy battle

Iran's oil industry is approaching a critical point. Exports have collapsed. Storage is nearly full.

Production is already falling.

The longer the blockade lasts, the greater the damage could be.

For Iran, this is not just an economic problem. It is a strategic challenge.

For the rest of the world, it is another reminder of how quickly tensions in the Middle East can shake global markets.

The next few weeks could prove decisive.

(With AFP inputs)

Tension At Sea: Iranian Forces Shoot At Ship In Strait Of Hormuz Amid Ceasefire Uncertainty

Divya Danu — Wed, 22 Apr 2026 13:40:08 +0530

A container ship was fired upon by an Iranian gunboat near the coast of Oman on Wednesday, raising fresh concerns about safety in one of the world’s busiest shipping routes. According to the United Kingdom Maritime Trade Operations (UKMTO), the incident happened about 15 nautical miles northeast of Oman. The agency said the ship was approached by a gunboat linked to Iran’s Islamic Revolutionary Guard Corps (IRGC). The gunboat reportedly opened fire without any prior radio warning.

Ship damaged but crew safe

The attack caused serious damage to the ship’s bridge, which is the area from where the vessel is controlled. Despite the heavy damage, there were no reports of injuries. All crew members were safe, and there was no fire or environmental damage.

The ship’s captain informed authorities about the incident soon after it happened.

Details about the vessel

A British maritime security firm, Vanguard Tech, said the ship was sailing under a Liberian flag. It was travelling through the Strait of Hormuz, a key route for global oil and trade shipments. The vessel had reportedly been told that it had permission to pass through the area.

This makes the attack even more concerning, as it suggests the ship was following normal procedures.

Iran’s response and claims

Iranian media gave a different version of events. Reports from Tasnim and Fars news agencies said the ship had ignored warnings from Iran’s armed forces. According to these reports, the action taken by the IRGC was part of enforcing control over the waters.

Iran Enforces Maritime Law on Container Ship Defying WarningsIranian armed forces opened fire on a container ship after it ignored repeated warnings, causing significant damage to the vessel, according to a report by the UK Maritime Trade Operations (UKMTO). pic.twitter.com/HJ3T8N7iZo

— Tasnim News Agency (@Tasnimnews_EN) April 22, 2026

Another Iranian-linked outlet, Nour News, said the ship failed to respond to warnings, which led to the firing.

However, the UK maritime agency said no warning was given before the attack.

Why the Strait of Hormuz is important

The Strait of Hormuz is one of the most important sea routes in the world.

A large part of the world’s oil supply passes through this narrow stretch of water. Any disruption here can affect global trade and fuel prices.

Because of this, even a single attack in the area can create serious tension and worry for many countries.

Rising tensions in the region

The incident comes at a time of high tension in the region.

Shipping through the Strait of Hormuz has already been restricted by Iran due to its ongoing conflict with Israel and the United States.

At the same time, the US military has been enforcing a blockade on Iranian ports. This has further increased pressure on Iran.

Recent incidents at sea

This attack is not an isolated event.

Earlier, the US military seized an Iranian container ship after firing at it over the weekend. It also boarded an oil tanker linked to Iran’s oil trade in the Indian Ocean.

These actions show that both sides are actively taking steps at sea, increasing the risk of further clashes.

Ceasefire extended but uncertainty remains

On the same day as the attack, US President Donald Trump announced that the ceasefire between the United States and Iran would be extended.

The truce had first come into effect on April 8.

Trump said the extension was made after a request from Pakistan’s leaders, including Field Marshal Asim Munir and Prime Minister Shehbaz Sharif.

He added that the US military would continue its blockade and remain ready for action while waiting for a proposal from Iran.

Iran reacts cautiously

Iran has not officially responded to the ceasefire extension. However, early reactions suggest that officials in Tehran are not fully convinced.

Tasnim News Agency said Iran had not asked for any extension and repeated warnings that it could break the US blockade if needed.

An adviser to Iran’s Parliament Speaker Mohammad Bagher Ghalibaf also questioned Trump’s announcement, calling it possibly a tactic rather than a firm plan.

At present, the situation remains uncertain. While the ceasefire continues, incidents like the attack near Oman show that tensions are still high.

There is also no clear agreement yet between the United States and Iran on how to move forward.

Global concern over shipping safety

The latest attack has once again raised concerns about the safety of ships in the region.

Many countries depend on the Strait of Hormuz for oil and trade. Any disruption can have a wide impact on global markets.

Shipping companies and governments are likely to monitor the situation closely in the coming days.

(With inputs from AFP)