‘India Is New Engine Of Globalisation, Becoming Attractive Investment Hub’: Former WEF Director

The immediate fallout of failed US-Iran talks is already visible — not just in diplomacy, but at sea. Two supertankers abruptly reversed course near the Strait of Hormuz just as negotiations in Islamabad concluded without a deal, underscoring how quickly geopolitical uncertainty can translate into real-world disruptions. According to reports, vessels including Agios Fanourios I and the Pakistan-flagged Shalamar turned back at a critical entry checkpoint into the Gulf. A third tanker continued its journey, though without clearly signalling its destination adding to the uncertainty surrounding shipping patterns. The timing is significant. JD Vance confirmed that Washington had presented its “final and best offer,” but no agreement was reached, with Iran indicating key differences remain unresolved. For shipping operators, the risk is not just direct military action, but unpredictability from potential disruptions and inspections to sudden escalation. Even precautionary movements like tanker U-turns can ripple across global markets