Tehran has tempered expectations of a swift agreement with Washington to end months of conflict, stating that no final decision has been taken on the proposed truce. Qatari negotiators landed in the Iranian capital on Saturday to help bridge remaining gaps, even as US President Donald Trump claimed a deal could be sealed as early as Sunday.

Mixed Signals from Tehran

Iran’s Foreign Ministry spokesperson Esmail Baghaei said political, legal and technical reviews of the proposed agreement are still underway. While rejecting claims of a signing on Sunday, officials indicated that an understanding could still be reached in the coming days. The ministry also announced new regulations to monitor shipping traffic in the Strait of Hormuz, with possible future levies on vessels using the vital waterway.

The comments came hours after Trump asserted that the deal would immediately reopen the Strait of Hormuz to all shipping and mark a major improvement in bilateral ties. Washington and Islamabad have expressed optimism that a framework agreement could end nearly four months of hostilities.

Qatari Mediators Step In

A high-level Qatari delegation, led by an adviser to Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, arrived in Tehran to push for final approval. Iranian state media ISNA and Tasnim reported that the team aims to review the latest developments in the diplomatic track. Sources familiar with the matter told Reuters the visit is part of intense last-minute efforts to finalise the truce.

Background of the Conflict

The current tensions stem from escalated hostilities involving the US, Israel and Iran that began earlier this year. The 12-day war with Israel last year remains fresh in Iranian memory, with President Masoud Pezeshkian recently hailing it as a “symbol of national solidarity.” Reports also emerged of Iran securing tunnels at the Isfahan nuclear facility amid the uncertainty.

Protests on Iranian Streets

Public reaction in Iran has been mixed. In Mashhad, dozens gathered outside the Foreign Ministry office to protest against what they see as excessive concessions. Demonstrators raised slogans against Foreign Minister Abbas Araghchi and Parliament Speaker Bagher Ghalibaf, warning that the deal could weaken Iran’s strategic leverage over the Strait of Hormuz. Similar protests were reported in Tehran via social media videos.

Regional Ripples and Israeli Stance

The developments have kept the wider region on edge. Israel continued operations in southern Lebanon, issuing displacement orders for residents of 29 towns and villages and reporting the killing of seven Hezbollah fighters. Far-right ministers Itamar Ben-Gvir and Bezalel Smotrich reiterated strong positions against Hezbollah. Meanwhile, Israeli President Isaac Herzog praised Trump’s approach towards Iran.

India has also been drawn in, with New Delhi summoning a US diplomat over attacks on ships carrying Indian sailors. US Secretary of State Marco Rubio reportedly told External Affairs Minister S Jaishankar that violations of the Hormuz blockade would not be tolerated.

Political Reactions in the US

In Washington, Democratic lawmakers expressed scepticism. Senator Adam Schiff hoped the deal would hold but pointed to past broken promises. On the Republican side, some lawmakers continued to voice strong reservations about allowing Iran any path to nuclear weapons.

What Lies Ahead

According to reports, the proposed interim memorandum of understanding could be followed by 60 days of technical negotiations covering Iran’s nuclear programme, sanctions relief, and management of the Strait of Hormuz. Both sides appear conscious of the high stakes — economic, strategic and humanitarian.

Iranian officials, including Ambassador Abolfazl Pasandideh, have emphasised that ordinary Iranians harbour no enmity towards the American people and seek mutual respect. The coming hours and days will be critical in determining whether the diplomatic momentum in Tehran translates into a concrete agreement.

The arrival of Qatari mediators has injected fresh urgency into efforts to end the war, but Tehran’s cautious tone suggests that several hurdles remain before any deal is finalised.

US President Donald Trump on Tuesday confirmed that the crew of a US Army Apache helicopter that crashed near the Strait of Hormuz was safely rescued, even as tensions in West Asia remained high with Israel vowing to continue operations against Hezbollah in Lebanon.

The incident involving the AH-64 Apache occurred on Monday while the helicopter was patrolling regional waters. Both pilots were rescued within hours and are in stable condition, according to US Central Command. Trump, speaking to reporters, assured that the crew members were unharmed and no injuries were reported. US military officials have initiated a probe into the cause, which remains unclear — whether due to a technical issue or hostile action. A detailed report is expected soon.

The crash comes at a delicate moment, with a fragile ceasefire between Iran and Israel showing signs of strain following recent escalations.

Trump Pushes for Quick West Asia Deal

President Trump expressed optimism about ongoing diplomatic efforts, stating that the US was in the "final throes" of brokering a significant peace agreement in West Asia. Speaking after attending an NBA Finals game, he told reporters the deal could materialise in "two or three days." He also mentioned a recent conversation with Israeli Prime Minister Benjamin Netanyahu, suggesting that Israel and Iran had agreed to "leave each other alone for another week."

Trump further warned Netanyahu to exercise caution, reportedly telling him that Israel risked being "on your own very soon" if actions jeopardised the broader US-brokered understanding with Tehran. Despite these differences, Trump projected confidence, hinting at a declaration of "total victory" over the Iran situation within two weeks.

 Israel Signals Continued Lebanon Operations

Meanwhile, Israeli Defence Minister Israel Katz made it clear that military operations against Hezbollah in Lebanon would persist. In his first major comments after the recent Iran-Israel flare-up, Katz warned that Israel would strike Beirut if Hezbollah launched attacks on Israeli territory. He also rejected Iranian threats, underscoring Israel's determination to counter the group.

Hezbollah claimed responsibility for multiple strikes on Israeli forces in southern Lebanon on Monday, targeting troop positions and vehicles in areas including Beit Yahoun, Rachaf, Naqoura, and others. Lebanese sources reported Israeli strikes continuing in several towns, with casualties including civilians and civil defence personnel. At least four people were killed in attacks in southern Lebanon, according to the National News Agency.

Evacuation orders issued by the Israeli military for residents of Tyre and surrounding areas added to the humanitarian concerns. Rescuers have been focusing on moving vulnerable populations, including the elderly, to safer locations amid repeated strikes.

India Monitors Situation, Confirms Crew Rescue

The Ministry of External Affairs (MEA) in New Delhi issued statements on the regional conflict, calling for de-escalation and dialogue. Spokesperson Randhir Jaiswal emphasised diplomacy as the way forward to restore peace.

In a related maritime incident, the MEA confirmed the safe rescue of 24 Indian crew members from the disabled Palau-flagged oil tanker MT Marivex off the coast of Oman. The vessel had some communication with the US Navy prior to the incident. All crew are reported safe.

Broader Regional Fallout

The developments have impacted markets, with the Tel Aviv Stock Exchange slipping amid uncertainty over the US-Iran peace process. Oil prices edged higher on fears of renewed disruptions. Iran, for its part, warned of responses if attacks on Lebanon continued and reiterated support for Hezbollah. Tehran also acknowledged the deaths of two air defence personnel in Israeli strikes.

Analysts note that while a temporary pause in direct Iran-Israel exchanges holds, the situation in Lebanon remains volatile, with risks of wider escalation.

Diplomatic Nuances and Challenges

Reports of differences between Trump and Netanyahu have surfaced, with some former Israeli officials describing the relationship as diverging. However, Israel's ambassador to the US downplayed tensions, likening them to "lovers having a spat" while stressing aligned interests. Vice President JD Vance reiterated that the US was in a strong position for negotiations.

The coming days are expected to be crucial as Washington pushes for a comprehensive understanding, even as ground realities in Lebanon and lingering maritime incidents test the fragile stability.

US Vice-President JD Vance has indicated that Washington and Tehran are nearing an agreement to ease the ongoing conflict but cautioned that significant differences remain unresolved. Speaking to the BBC, Vance described the negotiations as “very close” while stressing it was “too early to say when or if” a final deal would materialise.

The remarks come amid heightened diplomatic activity as both sides work to extend a fragile ceasefire and address Iran’s nuclear programme.

Key Sticking Points Remain

Disagreements persist over language related to uranium enrichment and the future of Iran’s nuclear activities. The US has long insisted that Iran halt production of highly enriched uranium and dispose of existing stockpiles to prevent any path toward nuclear weapons. Vance noted that negotiators are still ironing out several textual issues.

A proposed framework reportedly includes a 60-day extension of the current ceasefire and the launch of formal talks on Iran’s nuclear future. However, Iran’s semi-official Tasnim news agency has stated that no agreement has been finalised or confirmed by Tehran’s leadership.

US Rejects Iranian Claims on Aircraft

Tensions spiked after Iranian state television claimed that its forces downed a US aircraft in Bushehr province’s Jam governorate. US Central Command (CENTCOM) firmly denied the assertion, calling it unfounded. 

The incident highlights the fragile nature of the truce even as diplomatic efforts continue. Local authorities in Iran, including Governor Masoud Tangestani, had earlier publicised the claim.

White House Optimism Grows

Despite the hurdles, senior US officials have struck a cautiously optimistic note. White House Deputy Chief of Staff Stephen Miller described Iranian concessions as “significant, material, and dramatic,” particularly regarding the reopening of the Strait of Hormuz. 

Treasury Secretary Scott Bessent signalled that while progress has been made, the US will not rush to ease sanctions or release frozen assets. President Donald Trump maintains firm “red lines,” especially on preventing Iran from acquiring nuclear weapons.

Regional Diplomacy in Play

Pakistan continues to play a mediation role. Foreign Minister Mohammad Ishaq Dar is scheduled to meet US Secretary of State Marco Rubio in Washington today. Iranian President Masoud Pezeshkian has thanked both Pakistan and Malaysia for their efforts, reaffirming Tehran’s commitment to diplomacy and stronger ties with Muslim and neighbouring nations.

Meanwhile, senior Iranian official Ali Bagheri Kani held discussions in Moscow with counterparts from Egypt and Brazil on the West Asia situation.

Impact on Global Markets

Oil prices edged lower on hopes of a breakthrough. Brent crude fell to around $93.36 per barrel, while WTI crude dropped to $88.27. However, Vance’s measured comments limited sharper declines, reflecting market caution over the deal’s final status.

Broader Conflict Context

The nearly four-month-long confrontation has seen multiple flashpoints. The US recently sanctioned Iran’s new Persian Gulf Strait Authority and networks allegedly funding the IRGC. Iran’s Supreme Leader has accused the US and Israel of attempting to destabilise the country internally after failing militarily.

In a related development, Democratic Senator Chris Murphy criticised the Trump administration’s approach, warning that threats to Oman over potential support for Iranian toll collection in the Strait of Hormuz signal a conflict spiralling out of control.

What Lies Ahead

Negotiators from both sides continue behind-the-scenes work. While 95 percent of issues may have been addressed according to some reports, the remaining gaps—particularly on enrichment terms—will prove decisive. 

Any final agreement would require approval from President Trump and Iran’s top leadership. Until then, officials on both sides are maintaining that “there is no deal until there is a deal.”

The outcome could significantly influence regional stability, global energy flows, and the broader West Asia security architecture. For now, cautious optimism prevails in Washington even as ground realities remain complex.

US Secretary of State Marco Rubio has indicated that a significant announcement regarding the ongoing US-Iran conflict could come within hours, sparking cautious optimism about a possible diplomatic resolution. Speaking in New Delhi, Rubio described recent developments as “good news on that front,” raising expectations of progress in talks that have drawn global attention.

Iranian officials, meanwhile, struck a more measured tone. Foreign Ministry spokesman Esmaeil Baqaei acknowledged a “trend towards rapprochement” but clarified that it did not guarantee agreement on core issues. He said both sides were working on a framework memorandum of understanding with 14 clauses, hoping a final deal could be hammered out within 30 to 60 days after that.

Trump Claims Deal Largely Negotiated

US President Donald Trump added to the momentum, posting on Truth Social that an agreement had been “largely negotiated,” subject to finalisation. The proposed deal reportedly includes reopening the Strait of Hormuz for normal shipping, a critical chokepoint for global oil trade. Trump mentioned involvement of several regional countries, including Pakistan as a key mediator.

Sources familiar with the discussions say the understanding involves a 60-day ceasefire extension, gradual reopening of the Strait, and steps on Iran’s nuclear programme, including potential removal of highly enriched uranium stockpiles. In return, the US may ease some sanctions and restrictions on Iranian ports and oil sales.

India’s Cautious Stand Amid Rising Fuel Prices

India’s External Affairs Minister S. Jaishankar, who appeared alongside Rubio, emphasised the need for market stability. He said India would continue diversifying its energy sources at reasonable prices, reflecting concerns over the West Asia crisis. Petrol and diesel prices in Delhi have climbed again to ₹99.51 and ₹92.49 per litre respectively, adding pressure on households and the economy.

International Reactions and Regional Concerns

The potential deal has elicited mixed responses. UK Prime Minister Keir Starmer welcomed progress but insisted the Strait of Hormuz must reopen with unconditional freedom of navigation and that Iran must never develop nuclear weapons. Turkish President Recep Tayyip Erdogan offered Ankara’s support for implementation, while Pakistan described the latest diplomatic efforts as a major step towards regional peace.

However, divisions have surfaced within the US Republican Party. Senator Ted Cruz expressed deep concerns, while former CIA Director Mike Pompeo criticised the emerging framework. Trump’s communications team pushed back strongly against internal critics.

Israel has also voiced reservations. Former Defence Minister Benny Gantz warned against linking any Lebanon ceasefire to the Iran deal, saying it could embolden Hezbollah. Israeli strikes continued in southern Lebanon on Sunday, with reports of casualties in Tyre and Nabatieh areas.

Ground Realities in Iran and Beyond

Inside Iran, challenges persist. The country’s internet blackout entered its 86th day, severely limiting external communication. The digital hardware market continues to suffer from shortages and volatile prices due to disrupted imports. Iranian officials, including President Masoud Pezeshkian, have stressed that any final decision requires approval from Supreme Leader Mojtaba Khamenei.

Tehran has rejected claims of fully ceding control over the Strait of Hormuz, insisting it would only allow pre-war levels of shipping while retaining management authority. Revolutionary Guards commanders warned of a strong response to any new attacks.

What Lies Ahead

With mediators working overtime, the coming hours could prove decisive. While a major announcement appears imminent, bridging remaining differences on one or two clauses in the framework agreement remains crucial. For India and the world, any breakthrough that stabilises energy routes and eases tensions in West Asia would bring much-needed relief.

The situation continues to evolve rapidly. Diplomatic circles in New Delhi and other capitals are watching closely as the day unfolds.

Fuel Prices Hiked Again Within a Week: Petrol Up 87 Paise in Delhi

Second increase in less than a week; Kolkata sees sharpest rise of 96 paise for petrol. Oil companies cite rising crude prices and monthly losses of ₹30,000 crore.

For the second time in under a week, petrol and diesel rates have been hiked across major Indian cities. Effective Tuesday morning, prices climbed by nearly 90 paise per litre on average, adding to the burden on consumers already reeling from a ₹3 per litre increase last Friday.

According to revised price notifications from state-run oil marketing companies, the latest revision varies slightly by city. In the national capital, petrol became costlier by 87 paise, touching ₹98.64 per litre. Diesel followed suit with a 91 paise hike, now retailing at ₹91.58.

Kolkata records steepest jump

Eastern India felt the maximum pinch. Kolkata saw petrol prices rise by 96 paise – the sharpest among all metros – pushing the rate to ₹109.70 per litre. Diesel there climbed 94 paise to ₹96.07.

Mumbai, the country’s financial hub, wasn’t far behind. Petrol now costs ₹107.59 per litre (up 91 paise), while diesel rose 94 paise to ₹94.08. In Chennai, petrol crossed ₹104.49 after an 82 paise increase, and diesel touched ₹96.11.

Ripple effects on household budgets

The diesel hike is particularly worrying for common households. Transporters and logistics operators are expected to pass on the increased fuel cost directly to consumers.

Freight charges for trucks and tempos will rise, making vegetables, fruits and groceries from other states more expensive. Farmers running tractors and irrigation pumps will also face higher input costs, which could push up grain prices. Public transport users may see bus and auto-rickshaw fares going up in the coming days.

“Every diesel hike hits the last-mile delivery of essential items,” a Delhi-based transporter said, requesting anonymity. “We have no option but to revise freight rates.”

Why oil companies raised prices

Officials familiar with the matter attribute the back-to-back revisions to volatile crude oil prices in international markets. Benchmark rates, which hovered around $70 per barrel before recent West Asian geopolitical tensions escalated, have now surged past $100.

State-owned Indian Oil, Bharat Petroleum and Hindustan Petroleum were reportedly incurring combined losses of nearly ₹30,000 crore every month on sale of petrol, diesel and LPG, according to a recent statement by petroleum ministry joint secretary Sujata Sharma. The latest hikes are aimed at partially recouping those losses.

Stable for months, now two hikes in days

Fuel prices had remained unchanged since March 2024, when the government – just ahead of the Lok Sabha elections – provided relief by cutting rates by ₹2 per litre. That stability continued even as neighbouring countries like Pakistan, Nepal and Sri Lanka raised prices by 15-20% following the global crude surge.

Technically, oil companies are allowed to adjust rates daily based on a 15-day rolling average of international crude. But political sensitivity kept prices frozen for over a year. Tuesday’s revision signals a shift in that approach.

Modi’s call for conservation

On Sunday, Prime Minister Narendra Modi, speaking at an event in Telangana, urged citizens to use petroleum products judiciously, given the geopolitical situation in West Asia.

“Today’s need is to use petrol, gas and diesel very carefully,” the PM said. “We should use imported petroleum products only as needed. This will save foreign exchange and reduce the adverse effects of war.”

If crude prices remain elevated, further fuel hikes cannot be ruled out in the coming weeks.

CNG Prices Hiked Again in Delhi-NCR, Cross ₹80/kg Mark in Capital

Compressed Natural Gas (CNG) prices were increased by another ₹1 per kg from Saturday, May 17, 2026, taking the total rise to ₹3 per kg in just two days across the Delhi-NCR region. In the national capital, the price of the green fuel now stands at ₹80.09 per kg.

This marks the second successive upward revision in as many days. On Friday, May 16, city gas distributors had already raised rates by ₹2 per kg, reflecting pressure from high global crude oil prices amid ongoing geopolitical tensions in West Asia.

Regional Price Variation

In neighbouring areas, the impact is sharper. CNG now costs ₹88.70 per kg in Noida, Ghaziabad, and Greater Noida. Gurugram residents will pay ₹85.12 per kg. The differential pricing reflects varying taxes and distribution costs across the NCR districts.

Piped Natural Gas (PNG) prices, however, have been left unchanged. In Delhi, domestic PNG continues to be retailed at ₹49.59 per SCM, offering some relief to households using it for cooking.

Link to Global Energy Pressures

The back-to-back hikes come against the backdrop of crude oil prices remaining elevated above $100 per barrel for an extended period. The ongoing conflict involving the US, Israel, and Iran has kept global energy markets on edge, contributing to higher input costs for natural gas as well.

Earlier this week, the central government adjusted export duties in response to domestic fuel market dynamics. It imposed a windfall tax of ₹3 per litre on petrol exports while reducing taxes on diesel and aviation turbine fuel (ATF) exports to encourage greater domestic availability.

Impact on Daily Commuters

For the common man in Delhi-NCR, the latest increase adds to the burden already felt from recent petrol and diesel price revisions. Auto-rickshaw drivers, taxi operators, and private vehicle owners who shifted to CNG for its relatively lower cost and cleaner emissions now face higher running expenses.

"Many of us switched to CNG thinking it would save money in the long run. Now with these frequent hikes, the benefit is eroding," said Ramesh Kumar, a Delhi-based cab driver, echoing the sentiment of thousands of daily commuters.

Transport experts note that Delhi-NCR has one of the largest CNG vehicle fleets in the country, promoted aggressively over the years to combat air pollution. Any sustained rise in CNG prices could influence commuting patterns and put pressure on public transport systems.

Why Prices Are Rising

City gas distribution companies attribute the revision primarily to higher wholesale costs of natural gas linked to international benchmarks. Unlike petrol and diesel, CNG pricing in India is largely market-determined with periodic adjustments by distributors such as Indraprastha Gas Limited (IGL) in the capital region.

The current round of increases is the latest in a series of adjustments seen this year as energy markets remain volatile.

Consumers Seek Alternatives

With CNG now costing over ₹80 per kg in Delhi, some vehicle owners are exploring options like electric vehicles or carpooling. However, for two-wheeler and many three-wheeler users, viable alternatives remain limited in the short term.

The Delhi government and NCR authorities have not issued any immediate statement on possible relief measures or subsidies for the affected segments. Officials indicated that the price adjustments are purely commercial decisions by the gas suppliers.

Outlook

Further revisions cannot be ruled out if global crude and gas prices continue their upward trajectory. Industry watchers will closely monitor developments in West Asia and the response of major oil-producing nations in the coming weeks.

For now, residents of Delhi-NCR are bracing for the added monthly fuel expense as they navigate another round of increase in one of the most commonly used automotive fuels in the region.

Iran's Araghchi in Delhi for BRICS talks on Hormuz safe passage

New Delhi and Tehran likely to discuss securing Indian vessels through Strait of Hormuz as tensions rise in West Asia

Iranian Foreign Minister Seyed Abbas Araghchi arrived in New Delhi on Wednesday evening, touching down just ahead of the two-day BRICS Foreign Ministers' Meeting that begins on May 14. His delegation was received by ministry officials at the airport, and he is scheduled to meet External Affairs Minister S. Jaishankar on the margins of the summit.

The visit, Araghchi's first to India since the escalation of hostilities involving Iran, the United States, and Israel earlier this year, comes at a critical moment for energy security in the region.

Strait of Hormuz in focus

Top of the agenda during bilateral talks is the safe passage of Indian-flagged vessels through the Strait of Hormuz. The narrow waterway, which handles roughly a fifth of global oil consumption, has become a flashpoint in recent weeks.

Officials familiar with the matter say Jaishankar is expected to raise specific concerns about the movement of oil tankers and commercial ships transiting between the Persian Gulf and the Gulf of Oman. Any disruption at Hormuz directly impacts India's crude imports, nearly 80 per cent of which come from Gulf suppliers.

40-50 vessels stranded

Initial reports indicate that between 40 and 50 India-bound ships remain stuck west of the Strait, waiting for clear passage. The backlog has built up over the past fortnight as tensions spiked following recent naval deployments in the area.

Local authorities in Mumbai and Gujarat ports have been monitoring the situation closely. According to shipping industry sources, some vessels have been rerouted, but the delays are already affecting delivery timelines and freight costs.

First visit since escalation

Araghchi and Jaishankar have spoken multiple times over the phone in recent months, focusing on regional developments and the safety of Indian nationals. But this face-to-face meeting carries added weight.

"The timing is significant. Both sides understand that diplomatic channels need to stay open, especially when military rhetoric is high," a person aware of the preparations said, requesting anonymity.

The Iranian minister's itinerary also includes interactions with other BRICS counterparts, but the bilateral with Jaishankar remains the most closely watched.

India's BRICS presidency

New Delhi assumed the chairmanship of the expanded BRICS grouping on January 1, taking over from Brazil. This is India's fourth time leading the bloc, having previously hosted summits in 2012, 2016, and 2021.

The theme for India's 2026 presidency—"Building for Resilience, Innovation, Cooperation and Sustainability"—reflects a people-centric approach that Prime Minister Narendra Modi outlined at the 2025 BRICS Summit in Rio de Janeiro.

The bloc now includes 11 members: Brazil, Russia, India, China, South Africa, Iran, Saudi Arabia, the UAE, Egypt, Ethiopia, and Indonesia.

Lavrov to attend

Russian Foreign Minister Sergey Lavrov will also participate in the Delhi gathering, according to a statement from Moscow. Russian Foreign Ministry spokesperson Maria Zakharova confirmed that discussions would cover global governance, major international issues, and preparations for the 18th BRICS Summit scheduled for September in New Delhi.

Lavrov's presence adds another layer to the diplomacy, given Russia's own interests in West Asian stability and energy markets.

Strategic significance beyond Hormuz

While safe passage through the Strait is the immediate priority, Araghchi's visit is expected to reinforce broader cooperation. The development of Iran's Chabahar Port, which India has been investing in as an alternative trade route to Afghanistan and Central Asia, remains a key pillar of bilateral ties.

Energy connectivity and regional diplomacy are also on the long-term agenda. For now, though, all eyes are on whether the two sides can secure a workable arrangement to keep Indian ships moving through one of the world's most contested waterways.

Gujarat Cargo Ship Sinks in Strait of Hormuz Amid Rising Tensions

MSV Haji Ali hit near Oman coast, all crew rescued

In the latest incident to heighten concerns over maritime security in the Strait of Hormuz, a Gujarat-owned cargo ship sank after being struck by what initial reports described as a drone or missile-like projectile on May 13. The vessel, identified as the MSV Haji Ali, was en route from Berbera Port in Somalia to Sharjah when the attack occurred in Omani waters.

Oman Coast Guard teams responded swiftly and rescued all 14 crew members safely despite the ship catching fire after the strike. The vessel became stranded off the Omani coast around 3:30 am, according to ship owner Sultan Ahmed Ansar, a resident of Dwarka in Gujarat.

This marks yet another setback for Indian-linked shipping in the region as the ongoing Iran-related conflict, referred to in Israeli operations as “Operation Roaring Lion,” continues to disrupt vital sea lanes. The Strait of Hormuz remains a critical chokepoint for global oil and cargo traffic, with multiple vessels already facing threats in recent weeks.

Owner confirms route and timeline

Speaking to local media, Ansar said the Haji Ali was engaged in routine cargo movement when the incident occurred. Details of the exact weapon used are still under investigation, but sources familiar with the matter pointed to heightened activity by regional actors in the area. No group has immediately claimed responsibility.

Indian authorities are monitoring the situation closely. Similar to the safe passage provided to the India-bound LPG tanker MV Sunshine earlier on May 14, naval and maritime agencies have been coordinating security for Indian-flagged or owned vessels traversing the Gulf. The Haji Ali incident, however, ended differently with the loss of the ship.

Netanyahu’s secret UAE visit sparks diplomatic row

Parallel to the maritime incident, a political controversy erupted over reports of a secret visit by Israeli Prime Minister Benjamin Netanyahu to the United Arab Emirates. Israel’s Prime Minister’s Office confirmed the visit took place during the ongoing operation, but the UAE has denied the claims, creating confusion and diplomatic friction between the two sides.

The visit, if confirmed independently, comes at a sensitive time when backchannel engagements and public posturing often shape narratives in West Asian geopolitics. Analysts suggest such high-level movements could signal efforts to coordinate on security matters amid the broader conflict involving Iran.

Iranian assertions and regional fallout

Iranian Foreign Minister Seyed Abbas Araghchi, currently in New Delhi for a BRICS foreign ministers’ meeting, claimed that Iranian security forces had prior information about developments in the region. His remarks added to the war of words as multiple actors trade allegations.

Meanwhile, US officials have continued to defend actions against Iran. Secretary of State Marco Rubio reiterated that Iran’s missile capabilities were intended to shield a future nuclear breakout, a charge Tehran has consistently denied. US President Donald Trump, ahead of talks with Chinese President Xi Jinping, warned that Iran must compromise or face consequences, while noting discussions on the Hormuz crisis alongside trade issues.

Economic and strategic implications

The sinking of the Haji Ali and repeated incidents in the Strait of Hormuz have raised insurance costs and forced shipping companies to reassess routes. For India, which relies heavily on energy imports through the Gulf, any prolonged disruption poses risks to fuel security and trade.

Gujarat, with its strong maritime connections and ports like Kandla and Mundra, has deep stakes in the region. Families of seafarers, many hailing from coastal districts such as Dwarka, often bear the human cost of these conflicts.

On the diplomatic front, South Korean officials blamed Iran for a separate attack on one of their cargo ships, while operations to clear unexploded ordnance continue in Iranian areas. Hezbollah also reported fresh attacks on Israeli positions in southern Lebanon, adding layers to the multi-front tensions.

Safe passages continue amid uncertainty

Despite the risks, several vessels including a Chinese supertanker carrying two million barrels of crude have managed to transit the strait. Indian agencies continue to extend support to merchant ships, as seen with the MV Sunshine.

As the conflict enters a critical phase, with the US seeking additional defence funding and regional players adjusting positions, the safety of commercial shipping remains a pressing concern. Observers will be watching how Oman, India, and other stakeholders coordinate to secure these vital waters in the coming days.

The incident involving the Gujarat ship once again underscores the fragile balance in one of the world’s most important maritime corridors.

Iran's Araghchi Arrives in New Delhi Today for BRICS Talks; Hormuz Safe Passage High on Agenda

Iranian Foreign Minister Abbas Araghchi lands in New Delhi this morning for a two-day BRICS Foreign Ministers' Meeting, with bilateral talks expected to focus on securing safe movement for Indian vessels through the Strait of Hormuz amid rising West Asian tensions.

 Strategic Visit Amid Regional Turbulence

Araghchi is scheduled to touch down on Wednesday, 13 May, ahead of the BRICS gathering being hosted by External Affairs Minister S. Jaishankar on May 14 and 15. This marks the Iranian diplomat's first visit to India since the escalation of hostilities involving Tehran, Washington, and Israel earlier this year.

Sources familiar with the matter said the two ministers are likely to sit down on the summit sidelines specifically to address concerns over India-flagged ships and oil tankers navigating the narrow strait. The waterway, a chokepoint for global crude shipments, has become increasingly volatile.

 40-50 India-Bound Vessels Affected

The urgency isn't hypothetical. Initial reports indicate that between 40 and 50 vessels headed for Indian ports remain stranded west of the Hormuz passage. For a country that imports roughly 85 per cent of its oil requirements, any prolonged disruption spells immediate trouble.

Officials point out that New Delhi is walking a tightrope—protecting energy security while avoiding entanglement in a conflict that shows no signs of cooling. Araghchi and Jaishankar have already held several telephone conversations in recent weeks, focusing on the safety of Indian nationals and the uninterrupted movement of commercial shipping.

Lavrov Also in Attendance

Russia's Foreign Minister Sergey Lavrov will also participate in the Delhi meeting, according to the Russian foreign ministry. Spokesperson Maria Zakharova confirmed that discussions will cover global governance, pressing international issues, and preparations for the 18th BRICS Summit scheduled for September in New Delhi.

India's BRICS Presidency

This is India's fourth time leading the BRICS grouping, having previously hosted summits in 2012, 2016, and 2021. The theme for New Delhi's 2026 presidency—"Building for Resilience, Innovation, Cooperation and Sustainability"—takes forward a people-centric approach articulated by Prime Minister Narendra Modi at the 2025 Rio Summit.

The expanded bloc now includes Brazil, Russia, India, China, South Africa, Iran, Saudi Arabia, UAE, Egypt, Ethiopia, and Indonesia.

Chabahar Port, Wider Ties on Table

Beyond the immediate crisis management, Araghchi's visit is expected to reinforce broader India-Iran cooperation. The development of Chabahar Port—a strategic project that gives New Delhi an alternative trade route bypassing Pakistan—remains a priority. Energy linkages and regional diplomacy will also feature.

With tensions showing no signs of easing, both sides recognise that maintaining secure sea lanes isn't just a bilateral concern but a matter of global trade stability. Araghchi's trip, while brief, signals that diplomatic channels remain open even as warships patrol contested waters.

Iran FM Araghchi Heads to India for BRICS Meet Amid Hormuz Crisis

Tehran confirms key visit as global powers scramble over Strait blockade and trillion-dollar war costs

Iran's Foreign Minister Seyed Abbas Araghchi is set to arrive in India today for the BRICS Foreign Ministers' meeting, even as the Strait of Hormuz remains a flashpoint in the escalating West Asia conflict. The Iranian Embassy in New Delhi confirmed the trip late Tuesday via an official X post, noting Araghchi will also hold talks with External Affairs Minister S Jaishankar to exchange views on regional tensions.

This development comes against a backdrop of fragile ceasefires, missile threats, and surging global oil disruptions, with markets nervously eyeing any shift in the blockade choking 20% of world oil flows.

Araghchi's Delhi Stop

Sources familiar with the itinerary said Araghchi's visit underscores BRICS' push for multipolar diplomacy amid US-led pressures. The meeting in New Delhi, hosted by India, gathers foreign ministers from Brazil, Russia, India, China, South Africa, and new members including Iran itself. Initial reports indicate discussions will touch on West Asia de-escalation, though no formal agenda on Hormuz has been released.

Local authorities in the capital confirmed heightened security around key venues, with the FM's bilateral with Jaishankar slated for late afternoon.

Trillion-Dollar US Burden

Meanwhile, a stark warning emerged from Harvard Kennedy School expert Linda Bilmes, who pegged the true cost of a prolonged Iran conflict at $1 trillion for US taxpayers. This dwarfs Pentagon estimates, which have crept up from $25 billion two weeks ago to $29 billion now. Bilmes' figure factors in long-term veteran care, economic ripple effects, and supply chain hits—far beyond initial strike costs.

Trump, departing Tuesday night for a state visit to China, brushed aside fiscal concerns. "I don’t think about Americans’ financial situation," he told reporters, prioritizing nuclear prevention over budgets. His Beijing summit with Xi Jinping, starting Thursday, is expected to tackle the Iran war head-on, with Trump noting Xi has been "relatively good" on the issue.

Missile Sites Reactivated

US intelligence assessments, shared behind closed doors and reported by The New York Times, reveal Iran has restored access to 30 of 33 missile sites along the Strait of Hormuz. These underground facilities and launchers pose fresh threats to US warships and oil tankers navigating the narrow chokepoint. The revelation, from early this month, has prompted defensive posturing from allies.

Italy announced it's pre-positioning two minesweepers in the eastern Mediterranean and Red Sea as a precaution, pending parliamentary nod for Hormuz deployment. Australia, meanwhile, pledged support for a UK-France-led multinational mission involving 40 nations to secure post-war navigation.

Global Ripples Widen

The Hormuz squeeze is biting hard. Vietnam ramped up refined oil imports from Malaysia and South Korea by 17% in volume—and 144% in value—since March, offsetting crude shortages. Asian chip giants like TSMC and Samsung are scrambling with contingency plans amid commodity disruptions. Even a Chinese supertanker, Yuan Hua Hu, slipped through the strait this morning, per ship-tracking data cited by Al Jazeera.

Oil prices dipped Wednesday, with Brent crude falling 0.76% to $106.95 a barrel, as markets parsed deadlock in Iran talks. European shares rebounded, but concerns linger over Iran's 75-day internet blackout, now fueling scams and surveillance, according to monitor NetBlocks.

Lebanon Front Heats Up

Tensions spilled over to Israel's northern border. The IDF issued evacuation orders for six Lebanese towns—Meiss el-Jabal, Yanouh, Borj El Chmali, Hula, Debl, and Aabbasiyyeh—warning of forceful action. Hezbollah fired rockets at Israeli troops in southern Lebanon, with no casualties reported, while strikes hit Khiam and killed two paramedics.

Iran executed Ehsan Afreshteh, convicted of spying for Israel after Mossad training in Nepal, state media said. UAE and Kuwait condemned alleged IRGC infiltration of Kuwait's Bubiyan Island.

Diplomatic Maneuvers

China's FM Wang Yi urged Pakistan's Ishaq Dar to mediate Hormuz reopening. South Korea weighs US support after a naval vessel attack nearby. The US upped ante with a $15 million bounty for tips on IRGC oil shipments, while UAE blacklisted 16 individuals and five entities tied to Hezbollah.

As Araghchi lands amid this storm, eyes are on BRICS for any breakthrough. Officials hint at safe passage talks for Hormuz, but Iran insists on sovereignty guarantees, per the Institute for the Study of War. With Trump-Xi talks looming, the next 48 hours could tilt the fragile balance—or ignite fresh escalation.

US Considers Hypersonic Missile Deployment as Iran Accuses Pentagon of Hiding War Costs

Tehran has hit back sharply at Washington over the ongoing costs of the US-Iran conflict, even as reports emerge of American military leaders presenting fresh strike options to President Donald Trump. Iran's Foreign Minister Abbas Araghchi claimed on Friday that US spending has already reached $100 billion, far exceeding official Pentagon figures, and accused Israel’s actions of dragging America into an expensive gamble.

Araghchi posted on X that “the Pentagon is lying” and that Netanyahu’s approach has directly cost the US $100 billion so far—four times what has been publicly claimed. He added that American households are bearing roughly $500 in monthly costs, with indirect expenses likely much higher. The remarks came amid a fragile ceasefire that has held since early April but shows signs of strain.

Tensions Over War Costs and Narratives

Iranian officials have repeatedly challenged the US framing of the conflict as self-defence. Foreign Ministry spokesperson Esmaeil Baghaei criticised a State Department document that justified American action as collective self-defence for Israel and the US’s own inherent right. “Self-defence against what?” Baghaei asked on social media, calling it a war of aggression.

On the ground, the prolonged closure of the Strait of Hormuz continues to disrupt global energy flows and supply chains. Oil prices rose again on Friday, with Brent crude climbing about 1% to around $111 per barrel, reflecting persistent uncertainty. The blockade has also affected fertiliser shipments, prompting warnings from industry leaders that nearly 10 billion meals a week could be at risk for the world’s poorest nations if disruptions continue.

Internal Rifts in Iranian Leadership

Adding to the complexity, reports suggest growing friction inside Iran’s government. President Masoud Pezeshkian and Parliament Speaker Mohammad Bagher Ghalibaf are reportedly seeking the removal of Foreign Minister Araghchi. According to Iran International, the two leaders believe Araghchi has bypassed the presidency and followed directives more aligned with the Revolutionary Guard, particularly from figures like Ahmad Vahidi.

These claims remain unconfirmed by Iranian state media, but they point to possible differences over how to handle negotiations and the military track. Meanwhile, Iran’s chief justice insisted Tehran has never left the negotiating table, stating the country welcomes talks based on “logic and rationality” while remaining unafraid of conflict if its dignity is threatened.

US Military Weighs Renewed Options

Late on Thursday, President Trump received a high-level briefing from US Central Command Commander Admiral Brad Cooper and Joint Chiefs Chairman General Dan Caine. Sources told outlets including Axios that the roughly 45-minute session included discussions on potential renewed action against Iran.

Separately, Bloomberg reported that CENTCOM has requested deployment of the Army’s Dark Eagle hypersonic missile system to the Middle East. The long-range weapon is seen as necessary to reach ballistic missile launchers that Iran has reportedly moved beyond the range of existing US systems like the Precision Strike Missile. If approved, this would mark the first operational deployment of America’s hypersonic capability, though the system is still limited in production and has faced development delays.

Impact on Global Economy and Region

The ripple effects are being felt far beyond the Gulf. The United Arab Emirates announced its exit from OPEC and the broader OPEC+ alliance effective May 1, a move that could reshape oil production dynamics at a sensitive time. For India, a major importer, the development carries both risks from higher prices and potential opportunities if Gulf producers increase output independently.

Singapore’s Prime Minister Lawrence Wong warned that prolonged Hormuz tensions would slow his country’s economy, given Asia’s dependence on Gulf energy. UN Secretary-General Antonio Guterres described the strait’s closure as “strangling” global markets for energy, transport, manufacturing and food, urging dialogue to avoid further escalation.

In southern Lebanon, Israeli forces reported striking dozens of Hezbollah sites despite a nominal ceasefire, while Lebanese officials reported civilian casualties from fresh raids. These developments add layers of regional volatility even as the core US-Iran standoff dominates headlines.

What Lies Ahead

Talks mediated by Pakistan appear stalled, with sources indicating Iran may submit a revised peace proposal soon. Trump has suggested Iran is eager for a deal but also indicated that restarting military pressure remains on the table if needed. He has pushed back against European and other allies criticising Washington’s approach, at times hinting at adjustments to US troop presence in Europe.

For now, the ceasefire holds, yet military preparations continue on both sides. Analysts note that any resumption of direct strikes could further inflame oil markets and humanitarian concerns linked to supply disruptions. Iranian officials, meanwhile, maintain they did not initiate the broader conflict and retain the right to defend themselves.

The coming days will be critical as Washington weighs its next moves, Tehran manages internal and external pressures, and the world watches the economic fallout from one of the most significant disruptions to Gulf shipping in recent memory. Whether diplomacy gains traction or military options are exercised again remains uncertain, but the stakes—for energy security, regional stability and global food chains—could hardly be higher.

Sensex Crashes 1,500 Points as Oil Surge Hits Markets

Nifty slumps 2% amid West Asia tensions; Asian indices reel from crude price spike to $116/barrel

Mumbai's benchmark Sensex tumbled over 1,500 points on Monday, dragging the Nifty down 2% to 22,368.45 by 2:45 pm. Boiling crude oil prices, now at $116 per barrel, rattled investors as West Asia conflicts disrupted energy supplies. Financial heavyweights led the rout in a broad market sell-off.

Key Market Losses

Banks bore the brunt. Kotak Bank, Axis Bank, and Bajaj Finance plunged among Sensex losers, alongside Bharti Airtel, Eternal, and Trent. Nifty Private Bank shed 2.21%, the worst sectoral drop.

NSE data showed losses across most sectors, sparing only media, metal, and oil & gas. The mood turned cautious as global cues weighed in.

Asian Markets Tumble

Japan's Nikkei dived 5% to 51,433, while South Korea's Kospi fell 4% to 5,296. Hong Kong's Hang Seng bucked the trend, up 1% at 24,713. China's Shanghai Composite held flat at 3,922.

US markets set a bearish tone Friday. Dow Jones lost 793 points (1.73%) to 45,166, Nasdaq dropped 2.15% to 20,948, and S&P 500 fell 108 points (1.67%) to 6,368.

FIIs Fuel Sell-Off

Foreign portfolio investors (FPIs) sold equities worth ₹4,367.30 crore Friday, per exchange data. Domestic funds countered with ₹3,566.15 crore buys.

March outflows hit ₹1.14 lakh crore ($12.3 billion), sources indicated. This latest news today marks record FII sales amid rising risks.

West Asia Triggers Panic

Escalating clashes since late February spiked crude from $70 to $116 per barrel—a 2% jump today alone. Attacks on energy infrastructure snarled trade routes, stoking inflation fears.

Reports from officials point to supply chain snarls hitting global stability. India news update: Importers now scramble as fuel costs soar.

Friday's Sharp Decline

Markets cracked Friday too. Sensex shed 1,690 points (2.25%) to close at 73,583. Nifty lost 486 points (2.09%) at 22,820.

Traders cited oil shocks and FPI exits as key drags. The bear run extended into Monday without respite.

Broader Economic Ripples

Higher oil threatens India's inflation and current account. Retail fuel prices may rise soon, squeezing consumers. Auto and aviation stocks already wobble.

Analysts warn of policy tweaks if deficits widen. This public interest story underscores energy security risks for growth.

Road Ahead Uncertain

Markets eye US jobs data and fresh West Asia updates. A crude pullback could spark rebound, but sustained $100+ levels signal pain.

Regulators monitor FPI flows closely. Investors brace for volatility in this trending news India flashpoint.