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Petrochemicals derived from oil and natural gas go into making more than 6,000 consumer products, according to the US Department of Energy.

The EU will provide interest-free loans for the years 2026-2027 based on EU borrowing on capital markets backed by the EU budget headroom.

In a wide-ranging interview with NDTV's Shiv Aroor, Ambassador Denis Alipov described the bilateral relationship as "very consistent" and "comprehensive in nature".

The US State Department said this month it had summoned Iraq's ambassador to Washington to express "strong condemnation" of attacks by pro-Iran groups on US interests.

These boats, operated by the Islamic Revolutionary Guard Corps, are cheap, quick, and difficult to track.

State media says the ships have been transferred to Iran’s coastTrump announces ceasefire extensionWhy Trump’s erratic commentary is the real block to an Iran dealIf you’re just joining us, here’s the main news of the day. It is 9.30am in Tehran, 9am in Jerusalem and Beirut, and 2am in Washington DC.Donald Trump unilaterally said he is extending the ceasefire with Iran at Pakistan’s request while awaiting a “unified proposal” from Tehran, even as the US military maintains its blockade of Iranian ports.Trump made the announcement as ceasefire talks looked increasingly uncertain with a two-week truce set to expire on Wednesday. Both countries had said they were prepared to resume fighting if no deal is reached.Trump said he would “extend the ceasefire until such time as [Iran’s] proposal is submitted, and discussions are concluded, one way or the other”.Trump later claimed in a Truth Social post that Iran is “collapsing financially” and was losing $500m every day that the strait of Hormuz is effectively closed.Iran has yet to decide whether to join the negotiations in Pakistan, a foreign ministry spokesman said earlier on Tuesday, and will only take part if Tehran believes the discussions would yield results.A container ship has reported being fired at by an IRGC gunboat, the United Kingdom Maritime Trade Operations said. The incident occurred 15 nautical miles north-east of Oman. The vessel sustained “heavy damage” to its bridge, the master of the ship said. All crew members were reported as safe.Shares were mixed in Asia as markets waited to see if the US and Iran may resume talks. Brent crude edged higher to $98.51 a barrel, while US benchmark crude fell 0.4% to $89.29 a barrel.One person was killed and two others wounded in an Israeli drone strike overnight on the outskirts of al-Jbour in Lebanon’s western Bekaa Valley, Lebanese state media reported. Israel and Lebanon agreed to a 10-day ceasefire on Friday.Since the war started, fighting has killed at least 3,375 people in Iran and more than 2,290 in Lebanon, the Associated Press reported. Additionally, 23 people have died in Israel and more than a dozen in Gulf Arab states. Fifteen Israeli soldiers in Lebanon and 13 US service members throughout the region have been killed.Iran’s Revolutionary Guards threatened to prevent oil production in the Middle East if the Islamic republic faced attacks launched from its Gulf neighbours’ territory. Continue reading...

Iran’s goal is to maintain chokehold on global economy even as some say it could run out of oil storage by SundayMiddle East crisis – live updatesDonald Trump’s indefinite shelving of the plan to bomb Iran’s bridges and power station on Tuesday night is being widely described as leaving the conflict in limbo, but that is anything but the truth.Pakistan insists the prospect of talks in Islamabad has not evaporated, and positive messages are still being exchanged, but in the meantime the site of kinetic activity has switched from land to sea. Both sides are vying to prove they can enforce their blockade of the strait of Hormuz more effectively than the other. It has become a form of gunboat diplomacy brought to life in the most significant geopolitical waterway in the world. Continue reading...

The spilt oil has the potential to affect the lives and livelihoods of people along the Gulf coastlines, as well as the area’s abundant marine life.