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India has adequate crude oil reserves, self-reliance essential, says PM amid Iran war

PM Modi told Parliament that India has sufficient crude oil reserves and diversified energy imports as the Iran war disrupts global trade routes and energy supply chains.

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PM Modi speech

Prime Minister Narendra Modi on Tuesday said India has adequate crude oil reserves and reliable supply arrangements, even as the ongoing conflict in West Asia continues to disrupt global energy markets and trade routes.

Speaking in the Rajya Sabha, the Prime Minister said the war, now in its fourth week, has started affecting international trade routes, leading to disruptions in the supply of key commodities such as petrol, diesel, gas and fertilisers.

He noted that the conflict has triggered a severe global energy crisis, which is a matter of concern for India. The situation has worsened after Iran retaliated against US-Israeli attacks by restricting traffic through the Strait of Hormuz and targeting energy infrastructure and strategic locations in the region.

The Prime Minister also raised concerns about the safety of Indian citizens and seafarers in the Gulf region. He said many ships remain stranded in the Strait of Hormuz, and a large number of Indian crew members are on board these vessels. He added that the safety of more than one crore Indians living and working in Gulf countries remains a top priority for the government.

PM Modi said he has spoken twice with leaders of West Asian countries since the conflict began and that India remains in constant contact with Gulf nations as well as Iran, Israel and the United States. He stressed that India is pushing for de-escalation, dialogue and the reopening of the Strait of Hormuz, stating that attacks on commercial shipping and disruption of international navigation are unacceptable.

Assuring the country on energy security, the Prime Minister said India has sufficient crude oil storage and has diversified its energy import sources over the years. He said India earlier imported energy from 27 countries, but now sources oil, LNG and LPG from 41 countries.

He added that India has significantly expanded its strategic petroleum reserves over the past decade, with more than 5.3 million metric tonnes of storage capacity created in the last 11 years. Oil companies also maintain substantial reserves of petrol and diesel to manage emergency situations.

The Prime Minister said the government is promoting the use of Piped Natural Gas (PNG) along with LPG to strengthen domestic gas supply. He also emphasised the need for self-reliance, especially in the shipping sector, noting that more than 90 percent of India’s trade is carried on foreign ships, which creates risks during global crises.

To reduce this dependence, the government has launched a major initiative worth around Rs 70,000 crore to build ships in India. He said strengthening domestic capabilities and reducing dependence on other countries is essential for India’s long-term economic and energy security.

The Prime Minister added that despite the global crisis, India’s economic fundamentals remain strong and the government is working on short-term, medium-term and long-term strategies through an inter-ministerial coordination group to reduce the impact of the conflict on the country.

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Trump sets fresh ultimatum to Iran, rules out nuclear strike as tensions escalate

Trump says “clock is ticking” for Iran but rules out nuclear weapons, maintaining pressure for a long-term deal.

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Donald Trump statement

Amid rising tensions in the ongoing Iran-US conflict, Donald Trump has issued a new ultimatum to Iran, stating that time is running out for Tehran to reach a deal with Washington.

According to recent media reports, Trump reiterated that while the United States is prepared to continue military pressure, it does not intend to use nuclear weapons in the conflict. He emphasised that Iran has already been significantly weakened through conventional military action.

No urgency for deal, but pressure remains

Despite the “clock is ticking” warning, Trump indicated there is no immediate pressure on the US to finalise a deal. He suggested that any agreement would only be pursued if it aligns with American interests and ensures long-term stability rather than a quick resolution.

This stance reflects a continued hardline approach, where Washington is maintaining strategic pressure while keeping diplomatic options open.

Nuclear option ruled out

In a significant statement, Trump ruled out the use of nuclear weapons in the conflict, calling such a move unnecessary given the current military situation. He stressed that conventional forces have already inflicted major damage on Iran’s capabilities.

Conflict enters critical phase

The Iran-US conflict, which has seen military strikes, naval tensions, and diplomatic efforts, remains at a sensitive stage. While ceasefire efforts and negotiations have intermittently taken place, both sides continue to exchange warnings and prepare for potential escalation.

Recent developments, including maritime tensions and earlier threats targeting infrastructure, underline the fragile situation in the region.

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India-bound tanker among 2 vessels seized by Iran’s Revolutionary Guards amid Hormuz tensions

Iran’s seizure of an India-bound tanker near the Strait of Hormuz signals rising maritime tensions and risks to global oil supply routes.

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Strait of Hormuz

Iran’s Islamic Revolutionary Guard Corps (IRGC) has seized two vessels near the strategically crucial Strait of Hormuz, with one of them reportedly bound for India, intensifying concerns over maritime security in the region.

The development comes amid escalating tensions linked to the ongoing confrontation involving Iran and the United States, which has already disrupted shipping routes and heightened risks for commercial vessels passing through the area.

According to reports, the vessels were intercepted by Iranian forces close to the Strait of Hormuz — a critical chokepoint through which a significant portion of the world’s oil supply transits. The move underscores growing instability in one of the busiest and most sensitive maritime corridors globally.

Separate reports indicate that multiple ships have faced attacks or interceptions in recent days, with at least two vessels taken into custody by Iranian authorities after being targeted near Iranian waters.

The incident follows a series of confrontations at sea, including gunfire and forced halts of commercial ships, as tensions remain high despite attempts at ceasefire arrangements.

The Strait of Hormuz has become a focal point of the broader conflict, with both military actions and retaliatory measures affecting shipping traffic. Any disruption in this region carries global implications, particularly for countries like India that depend heavily on energy imports passing through the route.

India has already been taking steps to safeguard its maritime interests, including enhanced monitoring and security measures for vessels navigating the region.

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Fresh tensions as Iran targets vessel despite ceasefire announcement

Iran fired at a vessel in the Strait of Hormuz shortly after a ceasefire announcement, raising concerns over regional stability.

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Attack on vessel highlights fragile situation in Strait of Hormuz despite renewed ceasefire push

Tensions in the Middle East escalated again after Iran opened fire on a commercial vessel in the Strait of Hormuz, just hours after US President Donald Trump announced a ceasefire extension.

According to maritime security officials, an Iranian Revolutionary Guard gunboat fired at a container ship early on April 22. The vessel was damaged in the incident, but no injuries or environmental damage were reported.

The attack comes amid already heightened tensions in the region, where the strategic Strait of Hormuz — a key global oil transit route — has seen severe disruptions in recent days.

Ceasefire efforts face immediate test

The firing incident occurred shortly after Trump signalled an extension of the ceasefire, reportedly aimed at creating space for renewed negotiations with Iran. However, the latest development has raised concerns about the durability of the truce.

Reports indicate that the Iranian action followed recent US military moves, including the seizure of vessels linked to Tehran and continued naval pressure in the region.

Shipping route remains volatile

The Strait of Hormuz remains a flashpoint, with shipping traffic significantly affected. In recent days, only a handful of vessels have been able to pass through the route, compared to normal volumes, leaving many ships stranded.

The waterway is critical for global energy supplies, handling a significant share of the world’s oil shipments. Any disruption has immediate implications for international markets.

No official response yet

Iran has not officially commented on the latest firing incident. Meanwhile, international observers and maritime agencies continue to monitor the situation closely, warning of risks to crew safety and global trade.

The latest escalation underscores the fragile nature of ongoing diplomatic efforts, with both sides yet to reach a stable agreement.

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