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Iran war impact: Govt mulling diversion of stranded cargo to new markets

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Iran war impact: Govt mulling diversion of stranded cargo to new markets
New Delhi: India has begun assessing whether export cargoes stranded or in transit due to the escalating West Asia crisis can be diverted to alternative markets, as the government moves to cushion the impact of the disruption on outbound shipments.

The commerce and industry ministry has asked goods exporters to provide details on the scope for rerouting consignments currently stuck in transit or awaiting shipment, people familiar with the matter said.

In parallel, authorities have also reached out to services exporters to assess potential risks to services trade, seeking inputs on restrictions affecting the movement of professionals, regulatory or compliance barriers, and reliance on overseas technology platforms that could disrupt exports, an official said.

“We have sought industry feedback on the impact of the West Asia turmoil and the support needed to mitigate risks arising from this crisis,” said an official.

Exporters have been asked to give tariff codes and value-wise details of cargoes which are impacted, and specific issues they face related to high raw material prices and container shortages.

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The government has also asked service exporters to share any supply-chain related challenges impacting services exports including connectivity and digital infrastructure issues affecting cross-border service delivery and dependence on foreign digital ecosystems adversely affecting trade.
“The issues are being taken up in the inter-ministerial group which is monitoring global developments affecting supply chains and export flows,” the official said, adding that this will help mitigate risks by identifying sector-specific vulnerabilities.

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Iran warns oil could hit $200 per barrel as US, IEA release emergency reserves

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Iran warns oil could hit $200 per barrel as US, IEA release emergency reserves

Iran warned the United States on Wednesday that oil prices could soar to $200 a barrel as escalating U.S. and Israeli strikes against the country continue to rattle global energy markets. 

To prevent what could be one of the worst oil shocks since the 1970s, the U.S. announced that Washington, along with the International Energy Agency (IEA), will soon release a historic volume of oil from its emergency reserves.

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If oil prices reach such levels, average gas prices in the United States could surpass $5 a gallon, analysts predict. As of Wednesday, the national average price for regular gasoline stands at $3.57 per gallon, according to the American Automobile Association.

A spokesperson for Iran’s primary military command issued the warning in comments addressed to Washington, Reuters reported. Tehran reportedly emphasized that the instability in global oil markets was the result of what Tehran describes as conditions imposed by the United States and Israel. 

“Get ready for oil to be $200 a barrel, because the oil price depends on regional security, which you have destabilized,” Ebrahim Zolfaqari, spokesperson for Khatam al-Anbiya Central Headquarters, said.

GAS PRICES SURGE, PINCHING AMERICANS AND HANDING THE GOP A NEW MIDTERM HEADACHE

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A man stands at a gas station.

A customer pumps gasoline into his car. (Justin Sullivan/Getty Images / Getty Images)

The threat of $200-a-barrel oil comes after crude prices recently surged past $100 for the first time since 2022, peaking at nearly $120 a barrel before settling around $90 on Wednesday due to a brief relief rally. West Texas Intermediate, the crude oil produced in the United States, was trading at just under $86 a barrel.

In response, the IEA, made up of major oil-consuming nations, agreed to release 400 million barrels from its global strategic reserves, though experts warn this would replace only a fraction of the supply normally flowing through the Strait of Hormuz.

The United States will add another 172 million barrels from its own Strategic Petroleum Reserve starting next week, according to U.S. Secretary of Energy Chris Wright. 

“Earlier today, 32 member nations of the International Energy Agency unanimously agreed to President Trump’s request to lower energy prices with a coordinated release of 400 million barrels of oil and refined products from their respective reserves,” Wright said in a statement.

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TRAVEL IS ABOUT TO GET MORE EXPENSIVE AS IRAN CONFLICT SPARKS JET FUEL CRUNCH

The president stands outdoors addressing journalists gathered with cameras and microphones.

President Donald Trump on Wednesday recommended releasing 172 million barrels of oil from U.S. reserves. (Al Drago/Getty Images / Getty Images)

“As part of this effort, President Trump authorized the Department of Energy to release 172 million barrels from the Strategic Petroleum Reserve, beginning next week. This will take approximately 120 days to deliver based on planned discharge rates.”

The energy secretary added that the Trump administration has arranged to replenish the U.S. Strategic Petroleum Reserves with roughly 200 million barrels over the next year, roughly 20% more than the amount being drawn down, at no cost to taxpayers.

“For 47 years, Iran and its terrorist proxies have been intent on killing Americans,” he said. “They have manipulated and threatened the energy security of America and its allies. Under President Trump, those days are coming to an end. Rest assured, America’s energy security is as strong as ever.”

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THE UNLIKELY TOOL TRUMP IS EYEING TO TACKLE RISING OIL PRICES AMID THE IRAN CONFLICT

A split image of a wide shot of the Mayuree Naree cargo ship with black smoke and a shot of the rear

The Thailand-flagged cargo ship Mayuree Naree engulfed in black smoke in the Strait of Hormuz, March 11, 2026. (Royal Thai Navy/Handout via REUTERS  / Reuters Photos)

IEA nations have released emergency oil stocks on only five previous occasions, including the 1990–1991 Gulf War, Hurricane Katrina in 2005, the Libyan civil war in 2011, and twice following Russia’s invasion of Ukraine.

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Iran further warned on Wednesday that any ships belonging to the United States, Israel or their allies would be targeted if they pass through the Strait of Hormuz, the strategic channel that typically transports about a fifth of the world’s oil supply.

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“Any vessel whose oil cargo or the vessel itself belongs to the United States, the Zionist regime or their hostile allies will be considered legitimate targets,” Al-Anbiya said in a statement carried by state TV, according to Arab News.

The comments highlight Iran’s maritime attacks in the past week and reported deployment of naval mines in the region. At least 14 merchant ships have been hit since the conflict began. 

Reuters contributed to this report.

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US launches probe into major trading partners after tariffs struck down

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US launches probe into major trading partners after tariffs struck down

The move comes after the US Supreme Court struck down a key part of Donald Trump’s tariffs policies last month.

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Form 4 Aeon Biopharma Inc For: 11 March

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Form 4 Aeon Biopharma Inc For: 11 March

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Touchstone HighYield Fund Q4 2025 Commentary (THYAX)

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Touchstone HighYield Fund Q4 2025 Commentary (THYAX)

At Touchstone Investments, we recognize that not all mutual fund companies are created equal. Our commitment to being Distinctively Active means the employment of a fully integrated and rigorous process for identifying and partnering with asset managers who sub-advise our mutual funds and advocating a robust approach to portfolio construction that either uses standalone active strategies or serves as a complement to passive strategies. That is the power of Distinctively Active.

Touchstone Funds are offered nationally through intermediaries including broker-dealers, financial planners, registered investment advisors and institutions by Touchstone Securities, Inc. For more information please call 800.638.8194 or visit www.touchstoneinvestments.com

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Touchstone Investments helps investors achieve their financial goals by providing access to a distinctive selection of institutional asset managers who are known and respected for proficiency in their specific area of expertise.

Touchstone Securities Inc. is a registered broker-dealer and member FINRA and SIPC Note: This account is not managed or monitored by Touchstone Investments, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Touchstone Investments’s official channels.

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Where to Watch UEFA Champions Live Stream and TV Coverage?

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Arsenal have three wins from three and are yet to concede a goal in this season's Champions League

LEVERKUSEN, Germany — Bayer Leverkusen hosts Arsenal in the first leg of their UEFA Champions League round of 16 tie on Wednesday, March 11, 2026, at BayArena, pitting the reigning Bundesliga champions against the Premier League leaders in a high-stakes European showdown.

Arsenal have three wins from three and are yet to concede a goal in this season's Champions League
AFP

The match kicks off at 5:45 p.m. GMT (12:45 p.m. ET, 11:45 a.m. CT), with Arsenal traveling to Germany as favorites after dominating the Champions League league phase. Leverkusen, unbeaten in domestic play last season under Xabi Alonso but now navigating the revamped format, advanced through the knockout playoffs with a victory over Olympiacos.

Fans worldwide are searching for reliable ways to catch the action live, whether through traditional TV broadcasts, streaming platforms or free options in select regions. Official broadcasters vary by country, with Paramount+ serving as the primary English-language home for U.S. viewers.

In the **United States**, the Bayer Leverkusen vs Arsenal clash streams exclusively on Paramount+, the UEFA Champions League’s main English-language platform. Subscribers can access the match starting at 12:45 p.m. ET. A monthly Paramount+ subscription costs around $8.99, with options for bundled plans that include additional sports and entertainment content. For Spanish-language commentary, viewers can tune into TUDN USA or stream via ViX. Some providers also list CBS as part of the coverage ecosystem, but Paramount+ remains the go-to for live streaming.

UK audiences can watch on TNT Sports 3, with streaming available through discovery+ and the discovery+ app. This aligns with TNT Sports’ ongoing role as a key Champions League broadcaster in Britain. Subscribers need an active TNT Sports package via Sky, Virgin Media, EE TV or BT.

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In **Ireland**, fans have a free viewing option. Virgin Media Two broadcasts the game on television, and it streams at no cost on Virgin Media Play, including English commentary. This makes it one of the few legitimate free streams for the match in Europe.

For **Canada**, DAZN holds rights to Champions League matches, with fuboTV also offering access in some packages. In **Australia**, Stan Sport provides coverage, while SonyLIV handles broadcasts in India.

Other regions feature broadcasters like beIN Sports in the Middle East and North Africa, SuperSport in sub-Saharan Africa, and various local options detailed on official UEFA and club websites. Arsenal’s official site lists global broadcasters, emphasizing TNT Sports 3 for UK fans and Paramount+ equivalents elsewhere.

The fixture marks a significant test for both sides. Arsenal, under Mikel Arteta, enters with momentum from topping the Champions League standings undefeated in the league phase. Key players like William Saliba return to the lineup, bolstering the defense ahead of the trip to BayArena. Kai Havertz, facing his former club, provides added narrative intrigue.

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Leverkusen, known for its attacking flair and unbeaten run in 2023-24, aims to leverage home advantage. The BayArena crowd will create an intense atmosphere as Alonso’s team seeks an edge before the second leg at Emirates Stadium on March 17.

No major injuries have been widely reported in pre-match updates, though both managers monitor fitness closely amid congested schedules. Arsenal’s pursuit of a potential quadruple adds pressure, while Leverkusen looks to reassert European credentials.

Viewers should avoid unofficial streams, which often violate copyrights and carry risks like poor quality or malware. Stick to licensed platforms for the best experience, including replays and highlights post-match.

Paramount+ offers on-demand viewing for subscribers in the U.S., allowing fans to catch up if they miss kickoff. In the UK, discovery+ provides similar features.

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As kickoff approaches, interest surges in this clash between two tactically astute sides. Arsenal’s high-pressing style meets Leverkusen’s fluid transitions, promising an entertaining encounter.

Global fans can check local listings or UEFA.com for updated broadcaster info, as rights occasionally shift. For those traveling or using VPNs, geo-restrictions apply—official services enforce them to comply with regional deals.

The return leg in London will decide progression, with the winner advancing to face either Bodø/Glimt or Sporting CP in the quarterfinals.

Soccer enthusiasts everywhere gear up for what could be a defining moment in both clubs’ seasons. Whether streaming on Paramount+, watching on TNT Sports or catching the free Irish broadcast, options abound to follow Bayer Leverkusen vs Arsenal live.

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What role has cyber warfare played in Iran?

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What role has cyber warfare played in Iran?

Militaries are often cagey about their cyber activities. But the US has hinted at the role it has played.

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Where to Watch SEC Tournament Livestream and TV Coverage

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Manchester City

The No. 16 seed LSU Tigers face the No. 9 seed Kentucky Wildcats in the opening round of the 2026 SEC Men’s Basketball Tournament on Wednesday, March 11, at Bridgestone Arena, marking an early postseason clash between two Southeastern Conference rivals.

LSU vs. Kentucky Men's Basketball
LSU vs. Kentucky Men’s Basketball

Tip-off is set for 12:30 p.m. ET (11:30 a.m. CT), with Kentucky entering as the clear favorite after a solid 19-12 regular season (10-8 in SEC play) under head coach Mark Pope. LSU, finishing at 15-16 overall and 3-15 in conference, seeks an upset to extend its season in the single-elimination format.

Fans searching for livestream options and TV channels have multiple legitimate ways to tune in, primarily through SEC Network broadcasts and associated streaming platforms. The game airs nationally on SEC Network, with streaming available via the ESPN app, WatchESPN.com (with provider login), and live TV services like Fubo, which offers a free trial for new subscribers.

In the **United States**, SEC Network holds exclusive TV rights for this first-round matchup. Viewers can watch live on cable or satellite providers carrying the channel, such as Spectrum (channel 516 in some markets like Lexington), DISH Network (channel 404), or others. For cord-cutters, authenticated streaming is available through the ESPN app or WatchESPN by logging in with credentials from participating TV providers. Fubo stands out as a popular streaming option, providing access to SEC Network without traditional cable and including a free trial period for eligible users. Other services like YouTube TV, Hulu + Live TV, or Sling TV may carry SEC Network in select packages, though availability varies by region and plan.

The early tip time accommodates the tournament’s packed schedule, with four first-round games on Wednesday featuring seeds 9-16. Announcers for the LSU-Kentucky broadcast include play-by-play from Roy Philpott and analysis by Jon Crispin.

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International viewers and those in regions without direct SEC Network access can explore ESPN’s international feeds or local sports broadcasters, though rights are primarily U.S.-centric for SEC events. Official club and conference sites direct fans to check local listings or use geo-appropriate services.

This matchup adds intrigue given the programs’ histories. Kentucky, a perennial power with a storied tournament pedigree, aims to build momentum toward deeper postseason play, potentially advancing to face No. 8 seed Missouri in Thursday’s second round at 1:30 p.m. ET on ESPN platforms. LSU, under coach Matt McMahon, looks to leverage its athleticism and defensive intensity for a Cinderella run, despite a challenging regular season in the loaded SEC.

No significant last-minute injuries have been reported for either side heading into the game, though both teams manage player minutes carefully amid the tournament grind. Kentucky’s balanced attack and experience give it an edge, with oddsmakers listing the Wildcats as favorites by around 8 points in pre-game lines.

Avoid unauthorized or pirated streams, which often deliver unreliable quality, expose users to security risks, and violate broadcasting rights. Licensed platforms ensure high-definition viewing, expert commentary, and post-game highlights.

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For those unable to watch live, replays and on-demand options are typically available shortly after the final buzzer on the ESPN app or SEC Network digital platforms for subscribers. The game also streams on affiliated radio networks, including the LSU Sports Radio Network for Tigers fans and Kentucky’s outlets for Wildcats supporters.

The SEC Tournament, held at Bridgestone Arena through March 15, crowns the conference champion and awards an automatic NCAA Tournament bid. With top seeds like Florida, Alabama, and others earning byes, the early rounds provide underdogs like LSU a platform to shine against established programs like Kentucky.

As the action unfolds in Nashville, interest peaks in this opening contest, which could set the tone for the tournament’s undercard. Whether catching it on SEC Network, streaming via Fubo or the ESPN app, or following along with live updates, options abound for fans eager to see if Kentucky advances or LSU pulls off the surprise.

Global audiences should consult official SEC or team websites for updated broadcaster information, as arrangements can shift. VPN usage to bypass geo-restrictions may violate terms of service for many platforms.

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The winner progresses in the bracket, with quarterfinals and beyond airing on ESPN family networks, escalating the stakes for SEC supremacy. This first-round battle encapsulates the excitement of March basketball, blending tradition, rivalry, and high-stakes drama.

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A small US grocer is calling out the lower prices at big chains

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A small US grocer is calling out the lower prices at big chains

It is ‘impossible for us to compete’, says the boss of a New York grocery store.

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First-Time Homebuyers Return to the Market. For How Long?

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First-Time Homebuyers Return to the Market. For How Long?

First-Time Homebuyers Return to the Market. For How Long?

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Michelle Wie West partners with Ford to launch LPGA rookie program

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Michelle Wie West partners with Ford to launch LPGA rookie program

In team sports, athletes get a built-in support system thanks to teammates going through the same journey as them most of the time. 

In golf, it’s you, the ball and the course – no matter what kind of team you have behind the scenes. And for those elite players, like Michelle Wie West, who has been playing LPGA Tour tournaments since she was 12 years old, it can be tough navigating a professional world at the onset. 

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To that end, West teamed up with Ford to launch “Power Her Drive,” a new mentorship platform designed to support LPGA rookies on and off the course. It’s a program built on Wie West’s own experience as a teenager trying her hardest to make an impact on the course, while dealing with everything else that comes with being a professional athlete. 

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Michelle Wie West walks course

CBS Sports reporter Amanda Balionis, former LPGA player Michelle Wie West and Golf Channel reporter Kira Dixon laugh during the Golden Bear Pro-Am prior to the Memorial Tournament at Muirfield Village Golf Club on May 28, 2025, in Dublin, Ohio. (Michael Reaves/Getty Images / Getty Images)

“This is probably the easiest yes I’ve had when it comes in terms of sponsorship,” Wie West said in a recent call with FOX Business ahead of “Power Her Drive” debuting at the Ford Championship, which begins in Phoenix, Arizona, on March 26. “This really, deeply aligns with my passion. Now that I’m retired and in my post-retirement career, hosting my tournament, having juniors involved and mentorship was a big part of it as well. I think what Ford is doing is amazing. Since our early conversations, it was very clear it wasn’t just about logos – it was about empowerment.

“Golf is an individual sport, and this is what I tell the juniors all the time: you have to lean into community. You have to lean into your support group.”

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PGA TOUR UNLEASHES AI REVOLUTION WITH AWS TO TRANSFORM GOLF VIEWING EXPERIENCE FOR FANS WORLDWIDE

Wie West said she was lucky to have her parents as a strong support system, but since they didn’t expect their daughter to be as successful as she was at an early age, the 2014 U.S. Women’s Open winner admitted, “It was the blind leading the blind a lot of the times.”

So, with women’s sports in general seeing unprecedented growth, Wie West’s passion was one Ford immediately wanted to help out with in their partnership. 

Michelle Wie West tee shot

LPGA player Michelle Wie West plays her shot from the 14th tee during the Golden Bear Pro-Am at Muirfield Village Golf Club on May 28, 2025, in Dublin, Ohio. (Michael Reaves/Getty Images / Getty Images)

“I think this all started with the idea that we were very committed to becoming the official vehicle partner for the LPGA Tour. But then we started exploring it more deeply. How can we do this in a very unique way?” Lisa Materazzo, Ford’s global chief marketing officer, said to FOX Business. 

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“We don’t want to just sponsor the tournament. It’s very important, so I don’t want to downplay that at all, but we saw an unmet need when we began speaking with the LPGA and an opportunity for deeper connection with the athletes. Really authentically supporting their development, and this to us felt very right for Ford, to demonstrate that we have this unique commitment to the players and the LPGA, and more broadly, this sport and women’s sports in general.”

“Power Her Drive” will begin with a Class of 2026, featuring a bright group of LPGA Tour rookies: Camille Boyd, Briana Chacon, Hailee Cooper, Laney Frye, Melanie Green and Yana Wilson. 

As these rookies look to cement themselves as winners, or even stars, on the LPGA Tour, “Power Her Drive” plans to help them deal with what comes off the course, including brand sponsorships, financial advice and more. 

Michelle Wie West swing

Michelle Wie hits a tee shot during the first round of the Pure Silk Bahamas LPGA Classic at the Ocean Club Golf Course on Jan. 25, 2018, in Paradise Island, Bahamas. (Andy Lyons/Getty Images / Getty Images)

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“The score on the leaderboard is what you see, but there’s so many layers behind that,” Wie West added. “I hope with our partnership, people will kind of see the peeling of the onion and see the support these players are getting. We’re going to go through and talk about personal brand building, talk about leadership skills. Even though it’s an elite individual sport, you’re still a leader of your own team – your caddy, your trainer, etc. I think all of this is going to be so much fun to go through with the rookies.”

Materazzo added: “We are a big business – we’re a 122-year-old big, global brand. We know how to do these things, we know how to operate in a business environment. So, we can help those young golfers build their brands… If we can make other pieces of it an easier lift, that makes us, in theory, proud and very humble to be a part of that journey for them.”

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