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(Central News Agency, New Delhi, comprehensive foreign news report on the 15th) India’s state-owned oil company raised gasoline and diesel prices by more than 3% today as the war between the United States and Israel against Iran disrupted energy supplies and intensified economic pressure.
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Please agree to our privacy policy to enable news listening. (Central News Agency, Tehran, comprehensive foreign news report on the 12th) Iranian media reported today that the Iranian Revolutionary Guards once again announced the expansion of the scope of the Strait of Hormuz, starting from the city of Jask in the east and ending at Siri Island in the west, with a length of more than 300 kilometers, which is much larger than the scope before the Iran war. Reuters reported that this is the second time that Iran’s Islamic Revolutionary Guard Corps (IRGC) navy has announced an expansion of the Strait of Hormuz since the United States and Israel bombed Iran on February 28, triggering a conflict. According to its last map released on the 4th of this month, the newly claimed control area of the Strait of Hormuz includes a large section of the Gulf of Oman coastline of the United Arab Emirates. At that time, the new scope started from the connection between Mount Mobarak in Iran and Fujairah in the United Arab Emirates in the east, and to the connection between the western end of Qeshm Island in Iran and Umm al Quwain in the United Arab Emirates in the west. Now the scope appears to have expanded further. Iranian news agency Fars reported today that Mohammad Akbarzadeh, deputy director of the Naval Political Department of Iran’s Islamic Revolutionary Guard Corps, said that Iran has expanded the definition of the Strait of Hormuz into a “vast combat area.” It is no longer regarded as a narrow waterway surrounding a few islands, but has significantly increased its scope and military importance. He said: “In the past, the scope of the Strait of Hormuz was considered to be a limited area around islands such as Hormuz Island and Hengam Island. This view has now changed.” The Strait of Hormuz currently defined by Iran is a strategic area starting from Jask in the east and ending in Siri Island in the west. Fas and another Iranian news agency, Tasnim, also reported today that the length of the Strait of Hormuz has been expanded from a previous estimate of 20 to 30 miles (approximately 32 to 48 kilometers) to 200 to 300 miles (approximately 320 to 480 kilometers). Tasnim News Agency also emphasized that the new strait area forms a “complete crescent shape.” (Compiled by: Zhang Zhengqian) 1150512 Support Central News Agency’s choice to stand with the facts. Every donation you make is a small amount of support to protect press freedom. Download the Central News Agency’s “First-hand News” APP to get the latest news in real time. The text, pictures and audio and video of this website may not be reproduced, publicly broadcast or publicly transmitted and used without authorization.
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Please agree to our privacy policy to enable news listening. (Central News Agency, Bangkok, comprehensive foreign news report on the 11th) After the war between the United States and Iran, the demand for synthetic rubber based on petroleum dropped, and the market turned to natural rubber, spurring prices to soar to a nine-year high. A tire industry source told Nikkei Asia that this may lead to a rise in tire retail prices. According to QUICK-FactSet, a business information company, the TSR20 futures price of raw rubber (also known as technically graded rubber, TSR) on the Singapore Exchange reached US$2.22 per kilogram on the 7th, setting a new high since February 2017. The price has soared by more than 20% this year. Natural rubber is an indispensable material for products such as car tires and gloves because of its strength and elasticity. Veerasith Sinchareonkul, CEO of Sri Trang Agro-Industry, Thailand’s largest rubber manufacturer, pointed out that soaring oil prices have triggered an increase in the price of synthetic rubber, which has affected demand; and because the synthetic rubber used in products such as tires and gloves can be partially replaced with natural rubber, its prices have also increased. He said that as the situation in the Middle East becomes tense, customers such as tire manufacturers continue to increase natural rubber inventories in order to control supply risks. “Normally, buyers will maintain inventory for 1 to 2 months; but now some customers may increase it to 3 months.” According to a survey by Thailand’s Bank of Ayudhya, Thailand is the world’s largest natural rubber producer, accounting for 34% of global production in 2024; China is the largest consumer, accounting for about 45% of global demand that year, reflecting its status as the world’s largest automobile tire producer. Chaiwat Sowcharoensuk, a rubber industry analyst at Ayutthaya Bank, believes that the trend of increased demand for natural rubber triggered by the US-Iran war is likely to continue. He said: “Even if (energy) supply outages ease and inventory levels return to normal over time, this structural demand shift is likely to continue as long as global energy prices remain high.” A director of a Japanese tire manufacturer produced in Thailand told Nikkei Asia that they have been paying close attention to the price increase of natural rubber since March. “We may eventually need to pass on the cost increase.” The person added that the cost of transporting rubber is also rising due to the crisis in the Middle East. (Compiled by: Zhang Zhengqian) 1150511 Support the Central News Agency’s choice to stand with the facts. Every donation you make is a small amount of support to protect press freedom. Download the Central News Agency’s “First-hand News” APP to get the latest news in real time. The text, pictures and audio and video of this website may not be reproduced, publicly broadcast or publicly transmitted and used without authorization.
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