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More now on India slashing taxes on diesel and petrol amid the global disruption in energy supplies: finance minister Nirmala Sitharaman said the move would “provide protection to consumers from rise in prices”.

The country is one of the world’s largest crude oil importers and relies on foreign suppliers for more than 85% of its oil needs, with Russia being the biggest supplier.

Iranian army chief Amir Hatami threatened to launch a ‘decisive and regrettable’ retaliation for the killing

• Full report: Iran’s security chief, Ali Larijani, killed in airstrike, Israel says

• How have you been affected by the latest Middle East events?

• Are fuel price increases making you cut back?

The head of the International Maritime Organisation (IMO) has said that naval escorts through the strait of Hormuz will not “100% guarantee” the safety of ships attempting to transit the waterway, the Financial Times reported on Tuesday.

Military assistance was “not a long-term or sustainable solution” to opening up the strait, Arsenio Dominguez told the newspaper.

We are collateral damage of a conflict when the root causes have nothing to do with shipping.

Remaining in the area of the specified buildings exposes you to danger