As per the SIPRI report, the US has used missile interceptors in West Asia at a pace far exceeding its current production levels, warning that some inventories won't fully recover until 2029.
The downturn comes amid the US and Iran's war against Iran in the Middle East that led to a sharp decline in international flights.
Iran's foreign ministry had publicly denied any negotiations over 24 days of conflict, making the reported Araghchi-Witkoff conversation, approved at Tehran's highest level, a direct contradiction of its own official position.
The conflict was triggered by the killing of Ayatollah Ali Khamenei in joint United States-Israeli strikes on February 28, after which Iran retaliated against Gulf-based American and Israeli assets, disrupting Hormuz trade routes.
Meanwhile, Lavrov specifically flagged risks to Russian personnel stationed at the Bushehr Nuclear Power Plant, warning that United States and Israeli strikes on Iranian nuclear infrastructure could trigger catastrophic environmental consequences across the entire region.
Mediators from multiple countries remain sceptical of a quick deal, with the United States and Iran still far apart on Tehran's nuclear programme and security guarantees, and no venue for direct talks yet confirmed despite early discussions about neutral meetings in Pakistan or Turkey.
India's weekly crude imports collapsed from 25 million barrels in February to just 1.9 million barrels in the week ended March 6, as Middle East suppliers cut export volumes sharply.
Trump has a rapport with North Korean dictator, or so he likes to think. US Prez wants to meet him to put China in its place and push Japan to fund Golden Dome interceptor system since war with Iran has degraded its own stockpile of missiles.
The senior Congress leader wrote a detailed post on his social media "X" handle on Thursday, praising Rahul Gandhi for "always cautioning the government well on time on emerging crises right from the traumatic phase of COVID-19, encroachment by China, on issues of demonetization, GST. He lamented that Rahul's advice/suggestions remained unheard".
