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‘End of 50 years of insecurity’: Iran claims legal authority to manage Hormuz Strait
Iran's leadership asserts its "legal right" to manage the strategically vital Strait of Hormuz, claiming it will secure national interests and end regional instability. An adviser to the Supreme Leader stated this control would ensure national security and mark the end of 50 years of insecurity in the Gulf, amid heightened regional tensions.
Middle East War: Iran clears passage for two Indian LPG tankers through Strait of Hormuz
Iran has granted permission for two Indian LPG tankers to navigate the Strait of Hormuz. This development occurs as ongoing conflict in West Asia impacts shipping routes. Despite security concerns, Iran's Supreme Leader's representative stated the strait remains open. He confirmed that some vessels are still transiting the vital waterway.
Trade Spotlight: How should you trade Ajanta Pharma, HFCL, Timken India, Linde India, Supreme Industries, and others on March 13?
The market is expected to continue to face risk-off sentiment amid geopolitical tensions. Below are some short-term trading ideas to consider.