Home » Middle East tensions
Business Editor's Pick National
Iran Opens Hormuz for 5 Countries
Iran Opens Hormuz for 5 Countries

Iran Opens Hormuz for 5 Countries Iran Opens Hormuz: Indian ships will be able to pass through the Strait of Hormuz without any fear, alongwith four other countries apart from us and permission for free movement has been given by Iran.Amid the tensions, Growing in West Asia, here’s some relief for India. Iran has allowed commercial vessels from some “friendly countries,” including India, to pass through the strategically…

Read more

Continue reading
Business International
Battery Storage Surge
Battery Storage Surge

Impact of Iran Conflict The current conflict in Iran is not only affecting oil prices but also bringing about a major shift in the energy sector. Fitch Ratings believes this crisis could accelerate the demand for battery energy storage systems (BESS) and electrification. Simply put, in an era of high oil and gas prices, the world is moving toward greater reliance on electricity and batteries. The growing tensions…

Read more

Continue reading