Fresh Ship Struck in Strait of Hormuz Amid Iran-US Tensions
A commercial vessel was struck in the Strait of Hormuz on Friday, according to maritime security sources, as tensions between Iran and the United States continued to escalate. The incident marks the latest in a series of attacks on shipping in the strategic waterway, which handles about a fifth of the world's oil supply. No group immediately claimed responsibility, but the US Navy's Fifth Fleet said it was monitoring the situation and assisting the vessel. Iran has denied involvement in previous similar incidents.
PM Modi Arrives in Seychelles on Three-Day Official Visit
Prime Minister Narendra Modi landed in Victoria, Seychelles, on Friday for a three-day official visit aimed at strengthening bilateral ties in maritime security, trade, and development cooperation. He was received by Seychelles President Wavel Ramkalawan. The visit includes delegation-level talks, the signing of several agreements, and a visit to the Seychelles Defence Academy. Modi is expected to announce a new line of credit for infrastructure projects.
Impact on Global Shipping and Oil Prices
The attack on the ship in the Strait of Hormuz has raised concerns about the safety of commercial shipping in the region. Oil prices edged up by 2% in early trading on Friday, reflecting fears of supply disruptions. The US has blamed Iran for previous attacks on tankers, while Tehran has accused Washington of creating insecurity. The European Union has called for restraint from both sides.
Modi's Agenda in Seychelles
During his stay, PM Modi will hold bilateral meetings with President Ramkalawan and other senior officials. The two sides are expected to discuss cooperation in the Indian Ocean region, including joint patrols and surveillance. India has been a key partner for Seychelles in infrastructure development, including the construction of a new port and an undersea cable project. Modi will also address the Indian diaspora in Seychelles.
Other Top Stories This Evening
In other news, the Supreme Court adjourned the hearing on the electoral bonds case to July 5. The Indian rupee weakened against the US dollar, closing at 83.45. Meanwhile, the monsoon has advanced further, with heavy rainfall predicted in parts of Maharashtra and Gujarat over the weekend.
