India Launches ₹12,980 Crore Sovereign Maritime Insurance Pool Amid Hormuz Transit Uncertainty

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the creation of the Bharat Maritime Insurance Pool (BMI) with a sovereign guarantee of ₹12,980 crore.This initiative is designed to provide uninterrupted insurance coverage for Indian-flagged, India-bound and India-originating vessels, strengthening maritime trade resilience and reducing dependence on foreign insurers.The

April 21, 2026
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Indian Navy Directs Tankers To Avoid Larak Island Amid IRGC Threats

Following the firing incident on two Indian vessels by the Islamic Revolutionary Guard Corps (IRGC) on 18 April, defence sources confirmed that the Indian Navy is prioritising the security of all Indian vessels stranded and waiting to cross the Strait of Hormuz, reported TOI.All Indian‑flagged cargo ships in the Persian Gulf have been instructed to stay clear of Larak Island and to transit only

April 21, 2026
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Iran Denounces US Pressure, Warns of Escalation As Ceasefire Deadline Nears

Iran and the United States are locked in a perilous confrontation as the ceasefire deadline of 22 April draws near.The atmosphere has become increasingly tense following sharp remarks from Iran’s parliamentary speaker and chief negotiator, Mohammad Baqer Ghalibaf, who accused President Donald Trump of deliberately undermining diplomacy through aggressive rhetoric and repeated violations of the

April 21, 2026
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Ajit Doval’s Riyadh Visit Highlights India–Saudi Strategic Ties Amid Ukraine Conflict Diplomacy

India’s National Security Advisor Ajit Doval undertook an official visit to Riyadh on Sunday, engaging in high-level discussions with senior Saudi leaders. The Embassy of India in Riyadh confirmed that the meetings focused on bilateral relations, energy cooperation, and regional developments.Doval met with Energy Minister Prince Abdulaziz bin Salman, Foreign Minister Prince Faisal bin Farhan, and

April 20, 2026
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Global Tanker Movements Persist Through Hormuz Amid U.S.–Iran Blockade Tensions

Since the outbreak of the U.S.–Israeli war with Iran on 28 February, the
Strait of Hormuz has remained a focal point of global energy tensions.The
United States has enforced a blockade of Iranian ports, while Iran itself has
alternated between lifting and re-imposing restrictions on marine traffic
through the strait, which is responsible for handling nearly one-fifth of the
world’s

April 20, 2026
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