Centre cuts excise duty on petrol and diesel, but introduces 'road cess'

Tensions surge across the Middle East as Iran signals a possible shutdown of the Strait of Hormuz following ongoing Israeli airstrikes in Lebanon. Reports from Fars News Agency suggest shipping routes could be restricted, raising global energy and security concerns. A senior Iranian official, speaking to Al Jazeera, warns of retaliation against Israel, hinting at wider regional escalation. Meanwhile, visuals from Beirut reveal widespread destruction after recent strikes. Adding to tensions, Iran is reportedly considering new conditions for vessels crossing Hormuz, including strict warnings against unauthorized passage. As the situation intensifies, fears grow over a collapsing ceasefire and a broader conflict in the region.