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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India’s textile and garments exports to the US declined 28.7% in February 2026 Why India’s ₹5 pack won’t disappear, but getting smaller West Asia conflict: LPG usage at 21-month low in March E-way bill generation surged all time high of over 14 crore in March Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact Air India at critical stage of transformation: Tata Sons Chairman FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season Govt proposes overhaul of company incorporation rules to cut paperwork, enable risk-based checks HAL delivers 4 helicopters to Coast Guard Charter services operators urge review of ATF pricing Structural gaps affect growth of India’s high-value horticulture sector: Report Rubio set to visit India in May to discuss trade, tariffs, defence, Quad DGFT rolls out procedure for allocation of calcined coke Qatar vows to remain reliable energy supplier to India amid West Asia tensions Gadkari bats for 100% land acquisition before approving NH projects India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief Sumeet SSG partners Pinnacle Industries to strengthen Maharashtra’s EMS fleet Consumer durables growth muted as demand slows, margins shrink: HDFC Securities March 2026 was the fourth-warmest month on record, says European weather agency India relaxes rice exports norms to some European countries Unseasonal rains damage rabi crops on 2.49 lakh ha, wheat most affected: Agri Minister ADB projects 6.9% growth rate for current fiscal, 70 bps lower than FY26 India-UK FTA likely by May 1; EU trade deal expected by year-end Dubai limits foreign flights until May 31, letters show, hitting Indian airlines hardest India in talks with 20 more countries to open market access: Piyush Goyal ADB ups India's FY27 growth projections to 6.9% Iran control of Strait of Hormuz in focus as tanker turns back, Trump raises concerns India mulls creating 30-day LPG strategic reserve Fire at Mumbai airport terminal delays flights Lesson from West Asia conflict is to factor-in adverse scenarios while framing policies: Oil Secretary Maharashtra government expands agricultural oversight structure Surging Raw Material Costs Hit PVC and Packaging Industries Hard Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% Milky Mist beats FY26 targets, IPO on track, says CEO Delegation to visit Washington as India, US look to revive trade deal talks Only 10% of Indian key reservoirs are filled over 80% IMF warns of deepening global food crisis as fertilizer prices surge Yara India to ramp up digital strategy to strengthen retailer connectivity War-induced risks cushioned by ample buffer for India: World Bank DGS issues direct pass-through of port concessions to exporters amid West Asia crisis Israel allows import of Indian okra seeds, wants virus-free declaration India now seen as ‘safe anchor’, offers stability, predictability and prospects: Shaktikanta Das CropLife asks farmers to tap zaid season window after rabi loss and below normal monsoon ahead Indian trade delegation to visit Washington this month Construction equipment sales fall 13 per cent in FY26 on project delays, weak execution: FADA El Niño threat puts brakes on FY27 auto growth as rural demand risks rise Indian govt hikes NBS fertilizer rates for kharif season by up to 21% to ₹41,533.81 crore
US expands crackdown on Iran-linked ships, warns of global seizures and force
2026-04-17 · via Economy News, Latest Economic News Today | The HinduBusinessLine
The US military has expanded its operations against Iran-linked shipping beyond regional waters, authorising forces worldwide to intercept, board and seize vessels suspected of supporting Tehran.

The US military has expanded its operations against Iran-linked shipping beyond regional waters, authorising forces worldwide to intercept, board and seize vessels suspected of supporting Tehran.

The US military has widened its efforts beyond the blockade of Iran's ports to allow its forces around the world to stop any ship tied to Tehran or those suspected of carrying supplies that could help its government, from weapons to oil, metals and electronics.

Gen Dan Caine, chairman of the Joint Chiefs of Staff, specifically pointed to operations in the Pacific, saying the US would be targeting vessels that left before the blockade began earlier this week outside the Strait of Hormuz, a crucial waterway for energy and other shipments.

US forces in other areas of responsibility "will actively pursue any Iranian-flagged vessel or any vessel attempting to provide material support to Iran," he told reporters at the Pentagon.

The military also detailed an expansive lists of goods that it considers contraband, declaring that it will board, search and seize them from merchant vessels "regardless of location." A notice published Thursday says any "goods that are destined for an enemy and that may be susceptible to use in armed conflict" are "subject to capture at any place beyond neutral territory." The expansion of US military efforts to target Iranian shipping is another pressure point for Tehran and comes as a ceasefire is set to expire in mere days. Mediators are pressing for an extension to a truce that has paused almost seven weeks of war between Israel, the US and Iran.

US military details items that could be seized from Iran-linked ships

The military's new list of banned materials includes products such as weapons, ammunition and military equipment that are classified as "absolute contraband." However, it also lists items such as oil, iron, steel, aluminum and other goods as "conditional contraband" that it argues can be used both for civilian and military purposes.

Otherwise innocuous items like electronics, power generation equipment or heavy machinery can be seized if "circumstances indicate intended military end-use," the notice says.

More than 10,000 American troops are helping enforce the blockade on Iranian ports. While no ships have yet been boarded, defence leaders say the military is warning Iran-linked ships that it could fire warning shots or escalate to other force if they try to outrun the Navy.

In the first three days of the military action, 14 ships have turned around rather than confront the naval blockade, according to US Central Command, which oversees the Iran war.

Some Iran-linked or sanctioned vessels that left through the strait have appeared to halt their movements, turn off their radio transponders or head back toward Iran's coast, shipping data firms say.

Ships near the blockade face US warnings

Vessels that approach the blockade, which is being enforced in Iran's territorial seas and international waters and not in the Strait of Hormuz, get a warning, Caine said.

"Any ship that would cross the blockade would result in our sailors executing pre-planned tactics designed to bring the force to that ship. If need be, board the ship and take her over," he said.

US Central Command has released a recording of a radio broadcast sent to vessels in the region that said the military was ready to use force if needed to compel compliance.

"Vessels will be boarded for interdiction and seizure transiting to or from Iranian port," the message said.

Defence Secretary Pete Hegseth told reporters that "less than 10 per cent of America's naval power" is being used to enforce the blockade. The Navy has 16 warships -- 11 destroyers, three amphibious assault ships, an aircraft carrier and a littoral combat ship -- in the Middle East out of a battle force of roughly 300 total warships.

Also supporting the blockade are a series of aircraft as well as surveillance, reconnaissance and intelligence operations designed to give the Navy the latest information on the vessels it is encountering.

The Navy is likely tracking ships linked to Iran through satellites, drones and other forms of surveillance as well as each commercial vessel's past history, said Kevin Donegan, a retired vice admiral and former commander of the Navy's Fifth Fleet, which is based in Bahrain.

"It's a pretty complex operation to make work," said Donegan, who spoke Thursday during a webinar hosted by the Middle East Institute. "Not just from the intelligence standpoint, but positioning all the ships in the right way to make the intercepts if you have to." Donegan stressed that the blockade is only one pressure point on Iran and that it will not end the conflict on its own.

"For it to be most effective, this military tool is added to the other operational tasks that were being done and paired with. Hopefully, diplomacy," Donegan said. "And if those two are scripted together in the right way, we can potentially get the outcomes we want."

US Central Command chief appears at the Pentagon

As Hegseth and Caine discussed the blockade, Adm Brad Cooper, the head of US Central Command, made a rare appearance in the Pentagon briefing room.

He said that before the ceasefire took hold, American service members and troops from allied countries in the Persian Gulf had "fought together side by side." "In creating the largest air defense umbrella in the world across the Middle East, we embedded specially trained US military air defenders alongside our partner nation soldiers," Cooper said, adding that Bahrain's king and crown prince knew American soldiers by name.

Published on April 17, 2026