iran israel

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...

Iran has slightly eased its position on the movement of ships through the Strait of Hormuz, one of the world’s most important oil routes.

The city of Arad has been the site of the second missile strike, resulting in several people being injured, including seven people whose condition is critical.

According to officials, this decision could release around 140 million barrels of oil into the global market, helping ease supply pressure.

In a major development in the ongoing US-Israel offensive against Iran, a U.S. Air Force F-35 Lightning II stealth fighter was reportedly struck by...

According to the Iranian news agency, the IRGC assaulted over 100 military and security targets in Tel Aviv.

President Trump sparked controversy by suggesting he may "take" a weakened Cuba while the U.S. remains focused on Iran.

Interestingly, after an initial unsolicited offer and Trump’s snarky refusal to take British help, even the UK has backtracked, with Prime Minister Keir Starmer telling Trump that the UK is not ready to commit Royal Navy destroyers to the Strait of Hormuz.