Oil prices, shipping risks rise as Iran crisis deepens: Report

IANS | April 6, 2026 7:46 AM

Washington, April 6 (IANS) Global energy markets and supply chains are coming under pressure as tensions over Iran and the Strait of Hormuz escalate, with oil prices rising sharply and fears mounting over disruptions to one of the world’s most critical shipping routes.

Trump threats on Iran draw backlash, legal concerns

IANS | April 6, 2026 7:37 AM

Washington, April 6 (IANS) The latest threat by US President Donald Trump to strike Iranian civilian infrastructure has triggered a domestic backlash with legal experts warning that such actions could violate international law, as tensions with Tehran escalate over the Strait of Hormuz.

OPEC+ nations to ramp up oil output in May amid global energy crisis

IANS | April 5, 2026 10:48 PM

New Delhi, April 5 (IANS) In their collective commitment to support oil market stability amid the West Asia crisis, the eight OPEC+ countries — Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman — on Sunday decided to implement a production adjustment of 206 thousand barrels per day in May -- from the 1.65 million barrels per day additional voluntary adjustments announced in April 2023.

Pakistan brazenly violating EU terms for tariff-free garment exports

IANS | April 5, 2026 7:53 PM

New Delhi, April 5 (IANS) The European Union, through its Generalised Scheme of Preferences Plus (GSP+), granted Pakistan duty-free access to its lucrative markets in January 2014 in exchange for its commitment to uphold international human rights, labour, environmental and governance standards.