Shipping company Maersk temporarily pauses vessel calls at Israel's Haifa port

Container
shipping company
Maersk said on Friday it had temporarily paused vessel calls at Israel's
Haifa port
amid Israel-Iran tensions.
The Danish company said it did not experience any further disruptions to its scheduled operations in the region.
Israel has been hitting Iran from the air since last Friday in what it describes as an effort to prevent Tehran from developing
nuclear weapons
. Iran has denied plans to develop such weapons and has retaliated by launching counterstrikes on Israel.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Play War Thunder now for free
War Thunder
Play Now
Undo
On Thursday,
Iran's Revolutionary Guards
said it had launched combined missile and drone attacks at military and industrial sites linked to Israel's defence industry in Haifa and
Tel Aviv
.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Time of India

21 minutes ago

• Time of India

Tata Motors working with govt, looking alternate sources for magnets: Chandrasekaran

Mumbai: Tata Motors is working with the government and is also taking steps to procure magnets from alternate sources in the wake of China restricting exports of rare earth elements , company Chairman N Chandrasekaran told its shareholders on Friday. Responding to queries from shareholders on the impact of China's move to restrict exports of rare earth elements and shortage of magnets, he said, "As of now, this is not a concern, but this is something that we are watching very carefully." "As of now, we are okay. We are not facing are able to source the magnets that we need, and also we have plans for having the right level of inventory. We are working with the government. Also, we are working on sourcing from alternate sources," Chandrasekaran noted. China's restrictions on the export of rare earth elements and related magnets are affecting the domestic auto and white goods sectors. The automobile industry had sought government support in expediting approvals from the Chinese government for importing rare earth magnets used in various applications, including passenger cars. Live Events To another query on the impact of the ongoing Iran-Israel war on the company's business, he said, "It is very difficult to answer what will be a war kind of situation look like." However, he said Tata Motors group's three firms -- commercial vehicle, passenger vehicles and JLR -- have a very strong platform. "They will be able to tide over any of these geopolitical issues in the short term but are completely ready and poised for excellent growth and leverage the opportunity that this industry has to offer," Chandrsekaran asserted. Earlier in opening address, he said that going forward, volatility will continue to mark economic cycles -- from widespread geopolitical conflicts, military escalations, the redrawing of supply chains and tariff regimes, to AI and energy transition. Nowhere are all these disruptions visible more than in the automotive sector . "Given the enormous amount of work we have done over the past few years -- from simplifying the businesses to making big strategic bets to strengthening our financial position -- our businesses are structured to not just handle this environment, but to thrive," he asserted. Responding to a query on passenger vehicle business expansion in international markets, he said, "This is something that we are always in discussions but we are waiting for the right geopolitical environment to be able to launch but we are getting prepared." To another query on the completion of demerger of Tata Motors' commercial and passenger vehicle verticals into separate entities, Chandrasekaran said, "We think the demerger will happen in the last quarter of this year. "First, the PV company will list and then the CV company will list a couple of months later. It will happen, in our estimate, sometime around October-November-December quarter." Economic Times WhatsApp channel )

First Post

24 minutes ago

• First Post

Trump creates tariff firewall against China, its companies turn attention to Brazil

China's energy strategy faces disruption as Israel's strikes on Iran threaten key oil supply routes. With US trade tensions rising, Chinese firms are pivoting to Brazil while Beijing accelerates its push for energy self-sufficiency. Analysts warn the conflict could weaken China's regional influence and diplomatic ambitions. read more China's decades-long push to secure energy dominance through partnerships with Iran is facing a major test as the Israel-Iran war threatens to choke Beijing's oil supply lines and disrupt its regional ambitions. The fallout, combined with escalating trade tensions with Washington, is prompting a reorientation of Chinese corporate interests toward markets like Brazil, according to a report by the Financial Times. Chinese President Xi Jinping this week urged restraint from all sides in the escalating Middle East conflict, while also criticising US interference in China's trade with Iran. Yet, concerns in Beijing are mounting as Israel continues to target Iranian oil and nuclear facilities. Analysts say this not only jeopardises China's access to cheap Iranian crude but also threatens its broader diplomatic and energy strategy in the region. STORY CONTINUES BELOW THIS AD 'If this situation continues to escalate, then they lose quite a bit, both in terms of their energy security and Iran as a strategic card that China holds,' said Gedaliah Afterman of Israel's Abba Eban Institute, speaking to FT. Iran has become a vital energy partner for China, particularly since US-led sanctions intensified in 2018. China buys the bulk of Iran's oil exports—reaching as much as 1.6 million barrels a day at its peak in 2024—and supplies Tehran with essential goods, including electronics, vehicles, and even nuclear equipment. But Iranian shipments to China dropped to 740,000 barrels a day by April, driven by fears of further sanctions and intensifying regional instability. The risk of an Iranian blockade of the Strait of Hormuz—through which billions of dollars in Gulf oil flows to China adds to Beijing's anxiety. While some Chinese analysts say OPEC+ producers may fill the gap in a worst-case scenario, any broader disruption would drive up prices and hit China's energy security. China's reliance on Gulf suppliers is significant. Besides Iran, Saudi Arabia is its largest oil provider outside Russia. In natural gas, over a quarter of China's LNG imports last year came from Qatar and the UAE. Even with long-term contracts, Chinese importers may be forced to turn to the spot market at higher costs if the regional crisis widens. STORY CONTINUES BELOW THIS AD The FT report also highlights that President Xi's broader strategy of energy self-sufficiency may now accelerate. China is already the world's top user of oil, but under Xi, it has embarked on a massive renewable push. Solar and wind now make up 56% of total electricity power plant capacity, up from a third ten years ago. 'This crisis will only make Beijing double down,' said Neil Beveridge of Bernstein Research. 'If it wasn't happening fast enough before, it will be happening even faster now.' At the same time, the US-China rivalry continues to simmer. Former President Donald Trump has moved to harden trade restrictions on Beijing, creating what analysts describe as a 'tariff firewall.' Facing mounting pressure, many Chinese firms are increasingly eyeing Brazil as an alternative trade partner and investment destination, particularly in sectors like agriculture, green energy, and critical minerals. Beijing's broader diplomatic ambitions in the Middle East have also taken a hit. China's influence surged with its mediation of the 2023 Saudi-Iran deal and its 25-year cooperation pact with Tehran. But analysts were quoted by FT as highlighting its role as a neutral broker has been diminished by the latest conflict and its cautious response. STORY CONTINUES BELOW THIS AD 'The demise or the collapse of the Iranian system or the Iranian power as we knew it is not good news for China,' Yun Sun of the Stimson Center told FT. 'That indirectly means that American influence has expanded.' Experts echoed that for Beijing, the Israel-Iran war is a stark reminder of the vulnerability in its foreign energy bets and the geopolitical limits of its global aspirations.

India.com

24 minutes ago

• India.com

J-K CM Omar Abdullah Details Iran Evacuation Efforts, Urges Israel-Iran Dialogue

Jammu and Kashmir Chief Minister Omar Abdullah provided an update on the evacuation of Indian students, mostly from J-K, stranded in Iran due to the ongoing Israel-Iran conflict, emphasizing the use of land routes to Armenia for their safe return. He said over 300 to 400 students are expected to reach safer zones by today, from where they will be repatriated to India via Armenia. He stated, "We cannot evacuate them overnight because no airports are open, no ports are operational. We are first bringing them by road to cities where there is no bombing, and from there, efforts are being made to bring them back to India via Armenia. Today, we expect around 300 to 400 more students to arrive, most of whom are from Jammu and Kashmir. We will bring them back home safely, and there is a sense of hope all around." Amid escalating tensions between Iran and Israel, Abdullah called for de-escalation through dialogue. "The India-Pakistan issue is a separate matter, and the Israel-Iran issue is different. In any case, this bombing should never have started. Earlier, when the head of U.S. intelligence was asked whether Iran had nuclear weapons, he said he didn't think they would be able to make one anytime soon. But within a few months, Israel launched attacks on Iran. These attacks must stop, and the issues should be resolved through dialogue," he said. Abdullah also voiced concerns over the dynamics of India-U.S. relations, suggesting that the United States prioritises its interests over bilateral ties with India. He said, "We can't dictate to the US President whom he should invite for dinner. We used to think the US President was our close friend, and he would respect that, but the US does what benefits it..." Minister of State for External Affairs Kirti Vardhan Singh on Thursday welcomed the first group of 110 Indian nationals evacuated from Iran amid the ongoing Israel-Iran conflict. Jammu and Kashmir Chief Minister Omar Abdullah's office informed that he had taken note of the students evacuated from Iran's request regarding the quality of the buses arranged to transport them from Delhi to J-K. "The Chief Minister has taken note of the request of the students evacuated from Iran regarding the quality of buses arranged to transport them from Delhi to J-K. The Resident Commissioner has been tasked with coordinating with the JKRTC to ensure proper deluxe buses are arranged," the chief minister's office said in a post on X. Students who have been evacuated under Operation Sindhu from conflict-affected Iran raised issues about the buses that the J-K government is providing for them to travel to their home state. The Indian government has launched Operation Sindhu to evacuate Indian nationals from Iran, given the deteriorating situation as a result of the ongoing conflict between Iran and Israel.