IOC to buy crude, LPG ships as West Asia crisis exposes shipping risks

The Indian Oil Corporation board has approved the purchase of several vessels, with tenders having been issued several months ago, according to Director of Finance Anuj Jain during a second-quarter earnings call reported by Business Standard IN.

In West Asia, US President Donald Trump discussed efforts to de-escalate regional tensions during a telephone call with Qatar’s emir, Sheikh Tamim bin Hamad al Thani, according to a statement from the Qatari ruler’s media office. The conversation focused on mediation efforts to reach a comprehensive agreement for security and stability in the region.

During the call, the emir emphasized the importance of diplomatic dialogue to resolve disputes, ensure the security of energy supplies, and maintain freedom of maritime navigation.

Additionally, the Houthi-run health ministry in Yemen reported that airstrikes at a popular market in a city in the neighboring country killed at least 30 people on Friday, as reported by The Economic Times.

Brief written by urgent.news from Business Standard IN, The Economic Times — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.