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India Detains Three Sanctioned Tankers Linked to Iran

India has detained three oil tankers tied to Iran and already under U.S. sanctions, marking a notable escalation in its maritime enforcement efforts. The vessels were intercepted in Indian waters earlier this month after authorities identified irregularities in their operations and documentation. Officials familiar with the situation say the tankers were suspected of participating in ship‑to‑ship transfers designed to obscure the origin of their cargo. Such practices have drawn increasing scrutiny as India strengthens monitoring of its coastal zones and aligns more closely with global efforts to curb sanctions evasion. The detentions also come at a moment of deepening strategic cooperation between New Delhi and Washington. While India maintains an independent foreign policy, the move signals a firmer stance on illicit maritime activity and a willingness to enforce international compliance standards within its jurisdiction.

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U.S. stocks retreat from record highs ahead of jobs data


U.S. stocks ended lower on Monday, pulling back from record highs reached last week. The S&P 500 fell 0.5%, the Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite dropped 0.8%.

Investors were cautious ahead of some key reports this week on the U.S. economy, especially the jobs market The reports could provide more clues on the Federal Reserve’s stance on interest rates and inflation.

Technology and communication services stocks were among the biggest losers on Monday. Microsoft, Nvidia, Meta Platforms, and Netflix all declined more than 1.5%. Alaska Air Group plunged 14.2% after announcing a deal to buy Hawaiian Airlines.

Markets in Europe and Asia closed mixed on Monday. U.S. crude oil prices fell 1.4%, easing some inflationary pressure.

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