Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    NCLT fails to arrive majority decision on Subhash Chandra's Rs 6.5 cr repayment plan
    Rupee rises 21 paise to close at 95.22 against US dollar
    Record 7.5 cr ITRs filed for AY'27, deadline ends midnight tonight
    Monthly Review of Accounts of Union Government of India upto the month of July 2026 (FY 2026-27)
    Subhash Chandra drops mention of Ambani allegations, shifts focus to settling Essel debt
    NATIONAL ACCOUNTS STATISTICS - 2026 PUBLICATION
    Commerce Secretary Shri Rajesh Agrawal Co-Chairs India-Brazil 8th Trade Monitoring Mechanism Meeting
    NPCI International and Uzbekistan’s NIPC Partner to Enable UPI Payments Across Uzbekistan via UZQR
    Flymore Aviation Expands Access to Aviation Education Through Affordable Mobile Learning App
    Rajnath to review performances of 16 defence PSUs with focus on indigenous tech, innovation
    SC dismisses SBI's plea challenging NCLAT order on PF, gratuity dues to ex-Jet Airways staffers
    Rupee rises 26 paise to close at 95.17 against US dollar
    India Has Solved Financial Access. Has It Solved Financial Confidence?
    Hyundai Capital Officially Launches Financial Services Operations in India
    Pinarayi Vijayan slams NCLT order on Subhash Chandra repayment plan
    Rupee falls 13 paise to 95.56 against US dollar in early trade
    CBN seizes 66.80 lakh psychotropic tablets in major inter-state pharmaceutical diversion case under Operation Vajra 2.0; one arrested
    DRI seizes around 18 Kg Amphetamine and MDMA in two operations as it intensifies crackdown on synthetic drugs; Four persons arrested
    India–Chile CEPA Negotiations Advance; Commerce Secretary Shri Rajesh Agrawal Meets Chilean Vice-Minister Paula Estévez Weinstein
    Sugar prices remain firm across India despite govt measures to check rise
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
August 31, 2026
Show AI Summary
Personal insolvency repayment plans raise unresolved questions on dissenting creditors' rights and uniform extinguishment of claims.
Personal insolvency proceedings were referred for fresh adjudication because no majority emerged on the repayment plan. The Technical Member rejected the plan; the Judicial Member confined it to consenting creditors while preserving dissentents' recovery rights; and the Third Member approved it with uniform extinguishment of all creditors' claims. The dispute concerns whether creditor approval under section 115(1) binds dissenting creditors, the effect of section 79(2)(g), and the Adjudicating Authority's power to examine the Resolution Professional's creditors' meeting report.
August 31, 2026
Show AI Summary
Rupee exchange-rate support through suspected intervention and FCNR(B) inflows offset pressure from dollar strength and higher crude prices.
Rupee exchange-rate movement reflected a recovery from early losses to close stronger against the US dollar, amid market expectations of Reserve Bank of India support at lower trading levels. Pressure arose from higher US Treasury yields, possible US rate-hike expectations and a broad dollar rally. Suspected intervention, FCNR(B)-related foreign-currency flows and the special USD-INR forex swap facility supported sentiment, while rising crude prices, geopolitical supply risks and foreign institutional equity outflows remained adverse factors.
August 31, 2026
Show AI Summary
Income-tax return filing for non-audit business and professional taxpayers closes at midnight, requiring use of applicable forms.
Income-tax return filing for Assessment Year 2026-27 reaches its due date on 31 August 2026 for taxpayers having business or professional income who are not subject to audit. Such taxpayers may file the applicable ITR-3, ITR-4, ITR-5 or ITR-7. ITR-3 applies to individuals and Hindu Undivided Families with proprietary business or professional income, ITR-4 to small and medium taxpayers, and ITR-5 to firms, limited liability partnerships and cooperative societies.
August 31, 2026
Show AI Summary
Monthly fiscal accounts track receipt composition, expenditure allocation, tax devolution, interest payments, and major subsidy outgo through July.
Union Government monthly accounts through July 2026 record total receipts comprising net tax revenue, non-tax revenue and non-debt capital receipts, with tax devolution transferred to State Governments. Total expenditure is divided between revenue and capital expenditure. Revenue expenditure includes interest payments and major subsidies.
August 31, 2026
Show AI Summary
Personal guarantor insolvency distinguishes guarantee liability from borrower debt while creditor voting challenges question repayment-plan approval.
Personal insolvency proceedings concerning personal guarantees distinguish a guarantor's liability from the underlying borrowing entities' debts. Claims against the guarantor arise from guarantees furnished for loans obtained by Essel Group-associated entities, while the borrowers' repayment obligations remain enforceable and creditors may pursue corporate assets and securities. Dissenting lenders have challenged the resolution-plan voting process, alleging that family-linked associates or related parties should have been excluded from committee of creditors voting.
August 31, 2026
Show AI Summary
National accounts revisions align GDP and sectoral estimates with updated price, production and banking service indicators.
National Accounts Statistics-2026 incorporates updated Producer Price Index, Index of Industrial Production and Banking Services Price Index series with base year 2022-23 into annual and quarterly GDP estimates. The revised indicators expand coverage, update weights and improve price mapping for national-account activities. GDP and gross value added estimates from 2022-23 onwards are revised at current and constant prices, with sector-specific effects in mining and quarrying, manufacturing, trade services, general government and departmental enterprises. Supply and Use Tables for 2022-23 and 2023-24 are also updated.
August 31, 2026
Show AI Summary
Trade facilitation and pharmaceutical market access advance through regulatory cooperation, preferential trade modernisation, and reciprocal agricultural access.
India and Brazil are advancing bilateral trade, investment and economic cooperation through a diversified partnership focused on pharmaceuticals, chemicals, engineering goods and machinery. India-MERCOSUR engagement is being pursued through early finalisation of Terms of Reference for expansion and modernisation of the Preferential Trade Agreement. Pharmaceutical market access is supported by regulatory cooperation under the CDSCO-ANVISA MoU. Agricultural trade facilitation includes phytosanitary processes, reciprocal market access work and mutual recognition of Electronic Certificates of Origin, alongside multilateral coordination through BRICS, the G20 and the WTO.
August 31, 2026
Show AI Summary
Cross-border UPI merchant acceptance enables Indian travellers to make UZQR payments at merchants throughout Uzbekistan.
Cross-border UPI merchant acceptance in Uzbekistan allows Indian travellers to make instant person-to-merchant payments through UPI-enabled applications by scanning the interoperable UZQR code. Integration with the Unified National QR infrastructure extends acceptance across retail, hospitality and service merchants. Regulatory approvals support HUMO's role as NIPL's authorised partner for cross-border merchant acceptance, reducing reliance on international cards and cash.
August 31, 2026
Show AI Summary
Mobile-first aviation education supports accessible, self-paced certification-led learning and career awareness across aviation roles and geographic locations.
Flymore Aviation LLP operates a mobile-first aviation learning platform intended to make specialised aviation education more accessible and affordable for aspiring pilots, cabin crew and other aviation-sector professionals. The app provides structured, self-paced aviation courses aimed at building industry knowledge, supporting certification-led skill development, improving career awareness and assisting employment readiness across aviation functions. Course delivery through a digital platform is positioned as an alternative to location-dependent and high-cost classroom training.
August 31, 2026
Show AI Summary
Indigenous defence technology and exports anchor the annual performance review of public sector defence enterprises.
Annual performance review of 16 Defence Public Sector Undertakings is scheduled with emphasis on indigenous technology, innovation, self-reliance and enhancement of defence exports. Chairpersons and managing directors of seven specified undertakings will present dividends attributable to the Government's equity shareholding. Publications cover self-reliance, student awareness of defence technologies, and modernisation and indigenisation roadmaps. Reported performance includes growth in turnover, profit after tax and defence exports.
August 31, 2026
Show AI Summary
Employee provident fund and gratuity dues remain protected outside the liquidation estate despite competing financial creditor claims in insolvency proceedings.
Employee provident fund and gratuity dues of former Jet Airways workmen and employees were required to be paid in full by the liquidator. The NCLAT position upheld treats statutory employee dues relating to provident fund, gratuity and pension funds as outside the liquidation estate, protecting them from competing creditor claims. Financial creditors had argued that such dues should be distributed through the liquidation estate unless dedicated funds existed at the commencement of liquidation. The underlying questions of law remain open for an appropriate case.
August 31, 2026
Show AI Summary
Rupee exchange-rate support amid dollar strength and oil risks as foreign-currency deposit flows bolster market sentiment.
Foreign-exchange market conditions saw the rupee recover from early losses amid possible Reserve Bank of India intervention to contain significant depreciation. Higher US Treasury yields, a broader dollar rally, rising crude oil prices and geopolitical supply risks pressured the currency. The special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised foreign-exchange inflows supported by non-resident Indian participation, strengthening market sentiment.
August 31, 2026
Show AI Summary
Financial confidence gaps persist when opaque financial journeys, dark patterns and unclear communication deter informed consumer participation.
Financial-service digitisation may expand access without ensuring consumer confidence where customers cannot understand processes, assess risks or feel secure in financial decisions. Opaque claims, redemptions, eligibility criteria and approval stages can weaken trust and discourage insurance, investment and credit participation. Hidden charges, complex documentation, forced bundling and target-driven sales practices may further impair informed choice. Greater transparency, simplified communications, real-time process visibility and AI-assisted guidance are identified as measures to reduce cognitive friction and strengthen consumer control.
August 31, 2026
Show AI Summary
NBFC licensing enables Hyundai Capital India to begin wholesale dealer financing while preparing retail finance and risk-management infrastructure.
Hyundai Capital India has commenced financial services operations after obtaining a non-banking financial company licence from the Reserve Bank of India. Initial operations concentrate on wholesale financing for local automotive dealers. Operations are intended to expand the dealer-financing network, sales infrastructure and risk-management systems across India, supporting a subsequent phased introduction of retail financing for individual customers.
August 31, 2026
Show AI Summary
Personal insolvency resolution approval faces criticism over low creditor recovery and alleged family-linked voting influence in the resolution process.
Personal insolvency resolution approval concerning Subhash Chandra involved a repayment plan of Rs 6.5 crore against admitted creditor claims exceeding Rs 22,000 crore. Objections were raised regarding the voting influence exercised by entities linked to the debtor's family in relation to the resolution process. Pinarayi Vijayan criticised the approval, alleging preferential treatment of powerful corporate interests.
August 31, 2026
Show AI Summary
Foreign exchange market intervention seeks to limit rupee depreciation amid oil-price pressure, dollar strength, and capital outflows.
Foreign exchange market conditions put the rupee under depreciation pressure amid higher crude oil prices, geopolitical risks, stronger US dollar conditions, expectations of tighter US monetary policy and foreign equity outflows. RBI market intervention was reported to contain significant depreciation. Improved foreign-currency non-resident bank deposit flows and higher foreign exchange reserves supported investor sentiment and the external liquidity position.
August 31, 2026
Show AI Summary
Psychotropic medicine diversion faces NDPS enforcement where controlled tablets allegedly travel without statutory documentation and traceability details.
Enforcement action under the Narcotic Drugs and Psychotropic Substances Act, 1985 addressed alleged inter-State diversion of psychotropic medicines transported without statutory documentation. A truck carrying Alprazolam, Tramadol, Nitrazepam and Clonazepam tablets was intercepted; the medicines and vehicle were seized and one suspect was arrested. Preliminary examination indicated erasure of identifying batch and date details and transport of region-restricted medicines without invoices, bilty or e-way bills. Investigation concerns the manufacturing, supply and distribution network involved.
August 31, 2026
Show AI Summary
Synthetic-drug trafficking enforcement targets rail-borne amphetamine and MDMA consignments through baggage interceptions, seizures, follow-up delivery operations, and arrests.
Synthetic-drug trafficking enforcement involved two intelligence-led railway-station operations targeting amphetamine and MDMA transportation and receipt. Baggage intercepted at Bengaluru contained a crystalline substance preliminarily indicating amphetamine, while a separate Pune interception recovered substances purported to be amphetamine and MDMA tablets. The contraband and related packing material were seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Follow-up delivery action identified alleged receivers, and the carriers and alleged receivers were arrested under that statutory framework.
August 31, 2026
Show AI Summary
India-Chile CEPA negotiations seek a balanced framework to expand trade, investment, technology cooperation and resilient supply chains.
India-Chile CEPA negotiations are being advanced toward conclusion by the end of the year through a balanced and commercially meaningful framework. The proposed partnership is intended to strengthen bilateral economic ties, expand trade and investment, and create equitable opportunities for businesses and people in both countries. Cooperation is envisaged in technology, talent and resilient supply chains, alongside enhanced engagement in healthcare, pharmaceuticals, energy, minerals, agriculture, machinery and engineering.
August 30, 2026
Show AI Summary
Sugar price controls face persistent retail and wholesale price firmness despite duty-free imports, stockholding restrictions, and export prohibition.
Sugar retail and wholesale prices remained elevated despite measures intended to curb price increases, including duty-free imports of raw sugar, tighter stockholding norms for bulk users and dealers, and a prohibition on sugar exports. Ex-mill rates declined following the permitted duty-free imports, although customary margins continued between ex-mill, wholesale, and retail prices. Projected sugar production is lower than earlier estimates, while annual domestic demand remains substantial.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
Customs & Trade

The latest: Rubio says major military operations against Iran over

May 6, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Washington, May 6 (AP) US Secretary of State Marco Rubio said Tuesday that major US military operations against Iran are over — but he stopped short of saying the conflict cannot be restarted. Rubio told reporters at the White House that “Operation Epic Fury” — the attack the US and Israel mounted on Iran on Feb. 28 — “is concluded” because its objectives were met.

Rubio said recent clashes with Iran related to US efforts to reopen the Strait of Hormuz were “defensive in nature.” “We're not cheering for an additional situation to occur,” he said. “We would prefer the path of peace.” He said Iran must agree to President Donald Trump's demands on its nuclear program and reopen the strait, a waterway vital to global oil and gas supplies.

US forces pressed ahead with an effort to guide commercial ships through the strait, but so far only two vessels are known to have passed through. Defence Secretary Pete Hegseth said the US prefers a peaceful effort to guide vessels out of the Persian Gulf but is ready to act if needs change.  It is unclear what will follow. Hegseth said the ceasefire reached nearly a month ago is not over. The United Arab Emirates, a key US ally, said it was defending against more Iranian strikes. A spokesman for Iran's joint military command denied striking the UAE “in recent days.” Here is the latest: Rubio says war with Iran is over, peace is still elusive   Rubio says the major US military operation against Iran is over but is stopping short of saying the conflict is over or cannot be restarted.

Speaking to reporters at the White House, Rubio said that “Operation Epic Fury” — the attack the US and Israel mounted on Iran on Feb. 28 — “is concluded” because the objectives of the mission were all successfully concluded.

“We're not cheering for an additional situation to occur,” he said. “We would prefer the path of peace.” In order for that to happen, Iran must agree to Trump's demands on its nuclear program and reopen the Strait of Hormuz, he said.

Rubio says he hopes Chinese officials talk to Iran about the strait   As Iranian Foreign Minister Abbas Araghchi prepares to visit China on Wednesday, Rubio says that he hopes Tehran's allies in Beijing reiterate the need for Iran to release its chokehold on the critical waterway as the fragile ceasefire continues.

“I hope the Chinese tell him what he needs to be told,” Rubio said. “And that is that what you are doing in the strait is causing you to be globally isolated. You're the bad guy in this.” The secretary went on to argue that China, more than the US, is suffering from Iran's actions in the strait, saying that China's export-driven economy depends on shipments going through Hormuz.

“It is in China's interest that Iran stop closing the strait,” he added.

Rubio says many countries want to help open Hormuz but some lack the ability to do so   Asked what the global appetite is for the US effort to reopen the strait, Rubio says the issue has not been a lack of interest, but that not many are able to provide the assets and resources needed.

“The capabilities is the issue. A lot of countries would love to do something about it. But they don't have a navy, right? Or they can't get there in time. ...” he said.

He said the onus is on the US.

“The primary responsibility for this Project Freedom is on the United States, because we're the only country that can project power in that part of the world,” he said. “This is a favour to the world because it's their ships that are stranded.” Rubio downplays rift between Trump and Pope Leo ahead of visit to Vatican   Rubio is downplaying the rift between President Donald Trump and Pope Leo XIV over Iran ahead of a key visit the top US diplomat will make to Vatican City this week.

Rubio told reporters at the White House on Tuesday that Trump's recent criticism of the first American pontiff was rooted in his opposition to Iran potentially obtaining a nuclear weapon, which could be used against millions of Catholics and other Christians around the world.

Trump “doesn't understand why anybody — leave aside the pope — the president and I, for that matter, I think most people, I cannot understand why anyone would think that it's a good idea for Iran to ever have a nuclear weapon,” Rubio said.

Rubio says Iran claims of not wanting a nuke are not backed up by actions   Rubio says Iranian claims of not wanting to develop nuclear weapons are belied by its actions.

Rubio said Tuesday that Iran must make a choice between war and peace, but that peace will require a convincing demonstration that the Iranian government won't attempt to pursue nuclear arms.

Rubio told reporters at the White House that Iran's development of advanced centrifuge technology, its enrichment of uranium and construction of underground bunkers made clear the government was not serious about its no-nukes pledge.

We're not attacking them': Rubio echoes message that Strait of Hormuz operation is defensive only   Rubio on Tuesday reiterated that US efforts to reopen the strait are not an offensive operation despite clashes with Iran in the last several days.

“There's no shooting unless we're shot at first, OK? We're not attacking them. We're not,” Rubio told reporters. “If they pose a threat to our forces, we'll shoot down drones, we'll shoot down missiles. But it's defensive in nature.” So far, only two merchant ships are known to have passed through the new US-guarded route, with hundreds more bottled up in the Persian Gulf. Shippers are still wary, and it's unclear whether US military action can reassure them without reigniting the conflict that began with US and Israeli strikes on Iran on Feb. 28.

US coming to aid of civilian sailors left for dead,' Rubio says   Rubio said about 23,000 civilian sailors are stranded in the Persian Gulf and “left for dead” as Iran chokes the Strait of Hormuz.

Speaking at a White House press briefing on Tuesday, he said the US military effort to guide ships through the strait aims to help those sailors.

“They're sitting ducks, they're isolated, they're starving, they're vulnerable,” Rubio said. “At least 10 sailors have already died as a result.” He said the sailors come from 87 countries and are innocent bystanders.

“It's criminal for sure, but it's desperate and destructive to block the Strait of Hormuz,” he said.

Pope Leo calls out Trump's misrepresentation of his views on Iran and nuclear weapons   Speaking to reporters Tuesday, Leo said the Catholic Church “for years has spoken out against all nuclear weapons, so there is no doubt there.” Trump again accused Leo in an interview on Tuesday of being “OK for Iran to have a nuclear weapon.” Leo has said no such thing, and Catholic Church teaching says the mere possession of nuclear weapons is “immoral.” Leo doubled down on his insistence that his call for peace and dialogue in the U.S-Israeli war in Iran is Biblically inspired.

“I've spoken from the first moment of being elected, and we're near the anniversary: I said Peace be with you,'” Leo said as he left his country house in Castel Gandolfo.

“The mission of the church is to preach the Gospel, to preach peace. If someone wants to criticise me for announcing the Gospel, let him do it with the truth,” Leo said. “And so I hope simply to be listened to about the value of the Word of God.” Italy defends Pope Leo XIV against Trump's criticism   Italy is again defending Pope Leo XIV and his call for peace and dialogue in the Iran war against President Donald Trump's latest criticism.

Foreign Minister Antonio Tajani said in a social media post on Thursday that President Donald Trump's attacks “are neither acceptable nor helpful to the cause of peace.” “I reaffirm my support for every action and word of Pope Leo; his words are a testament to dialogue, the value of human life, and freedom. This is a vision shared by our government, which is committed through diplomacy to ensuring stability and peace in all areas where conflicts exist,” Tajani wrote.

Trump on Tuesday renewed his criticism of Leo's peace message over the Iran war and warned Leo was “endangering a lot of Catholics and a lot of people.” Trump's criticism, in an interview with conservative commentator Hugh Hewitt, came even as his secretary of state, Marco Rubio, prepares to visit Italy and the Vatican ostensibly to ease tensions with Washington.

Rubio is due to meet with Leo on Thursday and is due to see Tajani and Premier Giorgia Meloni on Friday.

Trump offers an optimistic take on China's position on Iran   The president in an exchange with reporters said that China hasn't “challenged” him as he continues to press Iran, even as Beijing has repeatedly criticised the US and Israel military action against Iran.

“You know, in all fairness, he gets, like, 60 per cent of his oil from (the Strait of) Hormuz,” Trump said of President Xi Jinping.

China, in fact, imported about half its crude oil and almost one-third of its liquefied natural gas from the Middle East, according to China's General Administration of Customs.

Trump offered a more measured take than Treasury Secretary Scott Bessent, who a day earlier said the administration wants to see Beijing “step up” and pressure Iran to open the strait. Bessent in an interview with Fox News said Iran would be high on Trump's agenda when he travels to Beijing next week for a summit with Xi.

Pakistan military urges restraint as US-Iran tensions rise   Pakistan's top military leadership on Tuesday urged restraint to help ease rising tensions between the United States and Iran.

The call came during a Corps Commanders Conference chaired by Army Chief Field Marshal Asim Munir.

Munir, since last month, has been in contact with the US and Iranian officials as part of Pakistan's efforts to end the conflict.

In a statement, the military said participants reviewed the evolving security environment amid Pakistan's outreach to Washington and Tehran, adding that lasting peace depends on collective restraint, responsibility and respect for sovereignty.

JD Vance woos Republican voters, including farmers who want the war to end   Vice President JD Vance heads to Iowa on Tuesday, his first visit since taking office, to the state where Republicans in less than two years will cast the initial votes to pick their party's next presidential nominee.

Seen as one of the GOP's strongest potential candidates for president in 2028, Vance stopped first in Cincinnati to vote in the primary, saying he picked Vivek Ramaswamy for governor. He's also holding a fundraiser in Oklahoma City as finance chair of the Republican National Committee.

Higher prices for gas and fertiliser, and Trump's tariffs have been hitting voters hard, and Vance's political prospects are complicated by the war in Iran. Vance has seemed a reluctant defender of the 9-week-old war, for which Trump has struggled to find an off-ramp.

Iowa's farmers have steadfastly supported the president, but they've been looking for assurances that the troubles won't last.

Rubio to brief at White House with press secretary on maternity leave   The secretary of state is putting on yet another Trump administration hat — White House spokesperson.

Rubio is scheduled to fill in on Tuesday for White House press secretary Karoline Leavitt, who is on leave awaiting the birth of her second child. His briefing is scheduled for 3 p.m. EDT.

The nation's top diplomat already doubles as Trump's national security adviser and for a while was the acting archivist of the United States and the acting administrator of the US Agency for International Development.

His last formal briefing for reporters was at the State Department briefing room in December.

Scuttlebutt around the White House has been that Rubio will be among a handful of high-level administration officials leading the press briefings while Leavitt is away.

Proposed UN resolution demands Iran halt attacks on ships in Strait of Hormuz and stop `illegal tolls'   The proposed Security Council resolution, co-sponsored by the United States and Gulf nations, threatens Iran with sanctions or other measures if it doesn't restore freedom of navigation and immediately disclose where sea mines have been placed in and around the vital waterway.

The draft, obtained Tuesday by The Associated Press, also demands that Iran “immediately participate in and enable the United Nations efforts to establish a humanitarian corridor in the strait” to enable vital aid, fertiliser, and other goods to transit.

The proposed resolution was drafted under Chapter 7 of the U.N. Charter, which can be enforced militarily. It threatens “effective measures that are commensurate with the gravity of the situation, including sanctions” if Iran doesn't comply.

A previous resolution aimed at opening the Strait of Hormuz, where about 20 per cent of the world's crude oil had transited, was vetoed by Russia and China.

Former military officers say reopening the strait remains a daunting task   Former military officers who have served on the Strait of Hormuz have said opening it would be dangerous and highly challenging, even with military escorts, which the US isn't providing now.

There's little room to manoeuvre in the narrow waterway, and Iran can reach all of the strait and its approaches with anti-ship cruise missiles. It also can target vessels with longer-range missiles, drones, fast attack craft and naval mines.

Experts say reducing the threat would involve targeting offensive installations on the ground inside Iran and having constant surveillance and patrols.

Insurance broker says it's too early to know how the US military effort will affect shipping through the strait  Marcus Baker, global head of marine, cargo and logistics for insurance broker and risk adviser Marsh Risk, said it would take a few days to see how the insurance market reacts.

“We just have to see what happens, whether the Iranians keep the peace, whether the Americans keep the peace, and exactly what that's going mean for shipping,” he said.

“There's rhetoric from both sides on this, and we've just got to be mindful of that,” he added. But he said, “anything that starts to increase certainty around safety has got to be a good thing.” One of the world's largest container shipping companies says Hormuz transits not yet possible   “At this point in time our risk assessment remains unchanged,” the Hamburg, Germany-based shipping company Hapag-Lloyd AG said in a statement. “Transits through the Strait of Hormuz are for the moment not possible for our ships.” UAE is under Iranian attack again, the defence ministry says   The United Arab Emirates is “actively engaging” with missile and drone attacks from Iran, the country's defence ministry said on X Tuesday evening.

It said sounds heard in parts of the Gulf federation are related to the interception of ballistic missiles, cruise missiles and drones.

Death toll in Lebanon reaches 2,702 since Israel-Hezbollah war began   The Health Ministry in Beirut said Tuesday that 8,311 people were wounded during the same period.

The latest Israel-Hezbollah war started on March 2, when Hezbollah fired rockets into Israel following the US and Israel's attacks on Iran.

A ceasefire has been in place since April 17, but both Israel and Hezbollah have been carrying out daily attacks since then. (AP) AMJ AMJ

Topics

Acts Income Tax