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India-US trade pact likely soon as both sides near consensus

India and the US are close to finalising a major trade agreement that could double their trade volume by 2030.

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India and the United States are close to finalising a much-anticipated trade agreement, according to US Commerce Secretary Howard Lutnick. Speaking at a strategic forum, Lutnick stated that both nations have reached common ground on a deal that benefits both economies, with negotiations entering their final phase in New Delhi this week.

“You should expect a deal between the United States and India in the not too distant future because I think we found a place that really works for both countries,” Lutnick remarked at the US-India Strategic Partnership Forum.

He noted that India may receive more favourable terms by being among the early entrants in the series of trade pacts the US is planning. “Earlier countries get a better deal, that’s the way it is,” Lutnick said, emphasising India’s proactive approach to secure its position ahead of others.

India sees mutual benefit

Echoing the optimism, India’s Commerce and Industry Minister Piyush Goyal confirmed that discussions were progressing with a clear focus on mutual benefits. While in France, Goyal stated that both countries were committed to ensuring preferential market access for each other’s businesses.

“We are working towards the bilateral trade agreement,” Goyal said, underlining that the government is actively pushing for the deal’s conclusion.

Deal to strengthen trade ties

Initially announced in February by Prime Minister Narendra Modi and US President Donald Trump, the trade agreement is structured to span multiple sectors. The first phase of the pact is targeted for completion between September and October 2025. A key objective of the agreement is to boost bilateral trade from the current USD 191 billion to USD 500 billion by 2030.

A US delegation is currently stationed in New Delhi to accelerate discussions on an interim agreement, expected to be finalised by the end of June. India is also advocating for a complete removal of the 26% tariff imposed on its exports to the US during Trump’s tenure.

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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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Trump extends Iran ceasefire after Pakistan request, raises hopes for talks

The US extends its Iran ceasefire after Pakistan’s request, opening a window for diplomacy while tensions persist

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Donald Trump statement

The United States has extended its ceasefire with Iran, with former US President Donald Trump stating that the decision came after a request from Pakistan’s leadership. The move comes just hours before the truce was due to expire, offering a temporary pause in escalating tensions.

Trump said the extension is intended to provide Iran additional time to present a “unified proposal” for a broader peace agreement, signalling a shift towards diplomacy even as pressure on Tehran continues.

Pakistan steps in as mediator

Pakistan has played a key role in facilitating the ceasefire extension. Its leadership, including top civil and military figures, urged the US to delay further action and allow diplomatic efforts to continue.

The development positions Pakistan as an emerging mediator in the crisis, with efforts underway to encourage dialogue between Washington and Tehran. The country has also indicated willingness to support or host discussions aimed at de-escalation.

Pressure remains despite pause

Despite the extension of the ceasefire, the situation remains tense. The US has not rolled back its strategic posture in the region.

Military readiness continues, and restrictions such as the naval blockade linked to Iran remain in place. This indicates that while direct confrontation has been paused, broader pressure tactics are still active.

What Pakistan could gain

Pakistan’s involvement in the ceasefire process could bring several advantages.

First, it enhances the country’s global diplomatic standing by placing it at the centre of a major international issue. Acting as a mediator between two adversaries can improve its credibility on the world stage.

Second, stability in the region is directly beneficial for Pakistan’s economic interests, particularly given its reliance on energy supplies linked to the broader Middle East.

Finally, successful mediation could strengthen Pakistan’s strategic influence, giving it a more prominent role in future geopolitical developments.

Uncertain road ahead

While the ceasefire extension has reduced immediate risks, uncertainty remains over how the situation will evolve. Much will depend on whether Iran presents a proposal acceptable to the US and whether negotiations can move forward.

For now, the extension reflects a temporary shift away from confrontation, but the underlying tensions remain unresolved.

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