“To be honest with you, my favourite thing is to take the oil in Iran, but some stupid people back in the US say: ‘Why are you doing that?’ But they’re stupid people. Maybe we take Kharg Island, maybe we don’t. We have a lot of options,” the US President said.
To further augment the SPR capacity, the Modi Government in July 2021, had also approved the establishment of two additional commercial-cum-strategic petroleum reserve facilities with a total storage capacity of 6.5 MMT at Chandikhol (4 MMT) in Odisha and Padur (2.5 MMT) in Karnataka, on a Public-Private Partnership mode.
"Now, because war has costs, naturally we must do this and take transit fees from ships passing through the Strait of Hormuz,” Boroujerdi said, adding that Iran is showing its strength through the blockade of the strategic waterway.
Israeli Prime Minister Benjamin Netanyahu and President Isaac Herzog toured the southern towns of Arad and Dimona on March 22, 2026, inspecting sites that...