Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.
Sectors like fertilisers, oil, auto, chemicals, textiles & metals could be further affected, it warns in monthly report. Diversifying trade routes could lower competitiveness of exports.
Anwar Mohammed Gargash, diplomatic advisor to the UAE President, called this an example of building India-UAE relations. Earlier this month, Modi inaugurated Abu Dhabi's 1st Hindu temple.
Statement by US CENTCOM said missiles were launched by Houthis from areas of Yemen under their control and posed an imminent threat to US Navy ships and merchant vessels.
Strikes late Saturday hit buried weapons storage facilities, missile systems, launchers & other capabilities Houthis have used to attack Red Sea shipping, the Pentagon said.
Freight analytics firm Vortexa said nearly all tankers were choosing to divert around the Cape of Good Hope, adding that most impacted by this detour were ships from India’s west coast and the Middle East.
Navy says it deployed its guided missile destroyer INS Visakhapatnam in the operation. The vessel had 22 Indians and one Bangladeshi on board, no injuries or casualties reported.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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