The world needs to wake up to this new dimension of war at sea and be prepared to face the 'unknown enemy' who have the advantage of attacking at their choice of location and time, cautions Commodore Venugopal Menon (retd).
However, copious oil supplies amid growing global output and slowing Chinese oil consumption will put India in a better bargaining position with Gulf suppliers.
The IDF noted that the strikes are being conducted in response to "relentless attacks" from Iran and its proxies since October 7, adding that Israel has the "right and the duty to respond."
The tensions between the two countries continue to remain high as several suspected drones launched from Lebanon were shot down by Israeli air defences on Sunday, the Israel Defence Forces (IDF) said.
The United States has called for a 21 day ceasefire on the Israel-Lebanon border to prevent an escalation of war and give diplomacy a chance there and in Gaza.
In a year bookended by intractable conflicts and geopolitical fragmentation, India focused on ramping up military prowess by broadly firming up defence procurement worth Rs 4.22 lakh crore even as Indian and Chinese militaries completed pulling back their troops from border face-off points in eastern Ladakh.
Earlier in response to Iran's rocket barrage on Israel on Tuesday night the UN Chief had said, "I condemn the broadening of the Middle East conflict with escalation after escalation. This must stop. We absolutely need a ceasefire.."
The latest flashpoint in West Asia has derailed India's preliminary plans to resume crude oil imports from Iran, officials said. In January, officials of the Ministry of Petroleum and Natural Gas had told Business Standard that the government had been studying proposals for the same, given that India was trying to expand sources of imports. "We are always monitoring the situation when it comes to crude flows.
'Given that the situation is quickly escalating, such attacks will affect the flow of crude in the short term from West Asia' Subhayan Chakraborty and Dhruvaksh Saha report.
With these propositions in mind, India started "some exploratory discussions" he said, adding that it started during Prime Minister Narendra Modi's visit to Italy during G-7, and then during his visit to Moscow.
The Indian Navy has deployed task groups comprising frontline destroyers and frigates in the central and north Arabian Sea and augmented its force levels in the region to undertake maritime security operations in view of recent attacks on commercial vessels in key shipping lanes.
The fresh incident comes amid growing global concerns over attacks on various commercial vessels in the Red Sea by the Houthi militants.
In the last few weeks, the Indian Navy has extended assistance to a number of merchant vessels in the Western Indian Ocean following attacks on them.
External Affairs Minister S Jaishankar on Monday held wide ranging discussions with Iranian counterpart Hossein Amirabdollahian in Tehran and their discussion focused on the long term framework for India's involvement with the strategically vital Chabahar port and the North-South connectivity project.
A resurgence in Saudi Arabian supplies of crude oil to India coupled with an attack on an Iraqi tanker in August carrying crude to Europe may result in improved bargaining power for India with West Asian and Russian suppliers for winter supplies. Shipments of Saudi oil rebounded in September from August, surging to the highest since March while Russian oil shipments rose marginally as Saudi Arabia tried to claw back market share in Asia, according to industry sources and ship tracking data.
Concerned over the fallout of the Red Sea crisis and severe shortage of containers against the backdrop of a steep decline in merchandise exports in August, the Union government is pulling out all the stops to find a solution. To begin with, the government has devised a strategy aimed at boosting container supply and supporting exporters.
Khamenei, who has the last word on all state matters and is also the commander in chief of the armed forces, instructed military commanders from the Revolutionary Guards and the army to prepare plans for both an attack and a defence in case the war expands and Israel or the US strike Iran, the officials said.
'If attacks escalate, there is a risk the Suez Canal may be closed.'
The Indian Navy, which regards itself as the 'net security provider' in the Indian Ocean Region, has also stepped up to the plate, with a warship stationed at all times off the Gulf of Aden for counter-piracy tasks. 91 Indian warships have been deployed in the region since 2008, patrolling high risk areas where piracy was rampant.
Pro-Palestinian protestors on Wednesday lowered an American flag and burned it down a few blocks away from the US Congress and hoisted a Palestine flag in its place.
The Navy said on Friday that the safety of the crew held hostage by armed pirates was ascertained and the Indian Navy warship continued to maintain its presence in the close vicinity of the vessel till its arrival in the territorial waters of Somalia.
Indian Navy on Wednesday said its ships and aircraft remain 'mission deployed' for maintaining enhanced surveillance and undertaking maritime security operations.
Egyptian media reports said six people were injured when the missile hit a medical facility in Taba, a resort town adjacent to the Israeli city of Eilat.
In days of smart, networked technology and no shame over collateral damage, what will blow up next -- cars, mobile phones, TV sets, refrigerators? And where?, asks Shyam G Menon.
Formula 1's Saudi Arabian Grand Prix race faced a temporary setback after Yemen's Houthi rebels attacked an oil depot Friday
Navy officials on Monday said that the swift response by the Indian Navy's mission deployed warship INS Sumitra ensured the safe release of the hijacked vessel and its crew.
The Indian Navy continues to monitor the situation very closely with all stakeholders and remains committed to ensuring the safety of merchant shipping in the region, it said in a statement.
The Pakistan Army chief arrived in Washington last week on his first official visit to the US.
However, as of now, container availability has not been seen as an issue as adequate empties are available. The Red Sea strait is vital for 30 per cent of global container traffic and 12 per cent of global trade.
In a calibrated operation, the Indian Navy on Saturday 'coerced' 35 Pirates onboard a merchant ship around 1,400 nautical miles from the Indian coast to surrender and ensured the safe evacuation of 17 crew members without any injury, officials said.
Escalation of the conflict in West Asia between Israel and Iran has had a direct impact on the energy markets, and more broadly on the financial markets as well as the global economy.
Minister of State for Defence Ajay Bhatt said in Lok Sabha the Navy deployed its units in the Gulf of Aden and East coast of Africa towards anti-piracy patrols since 2008 and a total of 3,440 ships and over 25,000 seafarers have been "safely escorted".
In the phone talks, Modi emphasised on an early and peaceful resolution of the conflict, including the release of all hostages, through "dialogue and diplomacy" as well as continued humanitarian assistance to the affected people.
Oil and LNG prices are likely to shoot up if Iran is to block Strait of Hormuz, through which countries like India import crude oil from Saudi Arabia, Iraq and UAE, leading to a spike in inflation, analysts said on the Iran-Israel conflict. The Iran and Israel conflict has escalated over the last few days. Iran first launched drone and rocket attacks on Israel, which retaliated by firing a missile. Crude oil prices have hovered around USD 90 per barrel since the conflict.
Any government support or incentive to help exporters deal with high freight and insurance costs is unlikely.
The current instability in the world is a result of long term systemic and socio-politico problems, points out Colonel Anil A Athale (retd).
Top government officials in New Delhi have started discussions with stakeholders ranging from shipping and container companies to export promotion councils to understand the impact of the Iran-Israel tensions and plan ahead. Inter-ministerial talks are also being lined up amid the crisis situation in West Asia, sources confirmed. While the crude flows are not directly under any threat, elevated oil prices remain a concern, according to officials.
A step away from nuclear weapons being used in conflicts, warns Colonel Anil A Athale (retd).
The country's exports edged up 1 per cent to $38.45 billion in December 2023 while the trade deficit narrowed to a three-month low of $19.8 billion, official data released on Monday showed. Imports declined by 4.85 per cent to $58.25 billion in December last year due to a dip in crude oil shipments. The previous low in trade deficit - the difference between imports and exports - was recorded in September at $19.37 billion.
Saturday's drone attack on MV Chem Pluto came amid increasing concerns over various commercial vessels being targeted reportedly by Iran-backed Houthi militants in the Red Sea and Gulf of Aden amid the Israel-Hamas conflict.
