New Delhi: India needs to diversify its trade routes and accelerate development of alternative connectivity corridors, including the India-Middle East-Europe Economic Corridor (IMEC) and the Indo-Pacific route via the Malacca Strait, to reduce its reliance on the Strait of Hormuz, an EY report said. The EY Economy Watch report for May said that in view…
Iran’s Revolutionary Guard targeted a U.S. airbase on Thursday after the U.S. military carried out what a Washington official said were strikes on an Iranian drone operation near the Strait of Hormuz, hours after President Donald Trump rejected a report he was close to a compromise deal with Tehran. The escalation in hostilities highlighted threats…
The global air cargo demand experienced a 4% year-on-year increase in April 2026, primarily driven by robust trade flows linked to Asia. However, ongoing conflicts in the Middle East have severely altered cargo routes and reduced capacity on vital global routes, as reported by the International Air Transport Association (IATA). According to Willie Walsh, IATA’s…
Haifa airport (Image source: ANI) As tensions continue across the Middle East, the Port of Haifa is increasingly being viewed as a critical link in India’s growing strategic and economic engagement with the region.Located in a natural, protected bay in northeast Israel, the Haifa Port is one of Israel’s three major international seaports and handles…
Despite a fragile ceasefire, the Iran war continues to fuel global instability. Disruptions to global energy markets, maritime shipping routes, and transport corridors are exposing converging security and economic vulnerabilities across Israel, Gulf states, and increasingly, Central Asia. Nevertheless, this crisis presents Israel with a meaningful opportunity to operationalize trilateral cooperation with the Gulf and…
Etihad Airways, the flag carrier of the United Arab Emirates capital Abu Dhabi, announced this week that starting June 15, it will expand to 42 weekly flights on its Tel Aviv route. With 6 daily flights between Ben-Gurion Airport and Abu Dhabi’s Zayed International Airport, the TLV-AUH route will become the most frequently traveled route…
dpa Moscow Russia has threatened to revoke preferential supply agreements with Armenia covering gas, oil products and rough diamonds in response to Yerevan’s increasingly close ties with the European Union, the Russian newspaper Kommersant reported on Wednesday. The report comes just weeks ahead of parliamentary elections in Armenia on June 7. The South Caucasus country…
Earnings snapshot and why it matters Israel Shipyards Industries (TASE:ISHI) reported first quarter 2026 results with sales of ₪417.3 million versus ₪385.12 million a year earlier, while net income and earnings per share from continuing operations were lower than the prior year period. See our latest analysis for Israel Shipyards Industries. The earnings release appears…
THE ongoing geopolitical conflicts across several regions of the world, particularly the escalating tensions in the Middle East and the continued Russia-Ukraine conflict, are creating major disruptions to global transportation and supply chain networks. These crises are affecting shipping routes, fuel prices, airline operations, freight costs, and international trade, placing enormous pressure on the global…
Despite suggestions that a deal between the United States and Iran may be close, officials from both countries have continued to issue conflicting statements, signalling an ongoing diplomatic impasse. Speaking at Wednesday’s cabinet meeting, US President Donald Trump said Iran would not receive any sanctions relief as a result of the negotiations, despite Iran’s demands…
