International News
Gaza ceasefire to end if hostages not returned by Saturday: Israeli PM
Jerusalem, Feb 12: Israeli Prime Minister Benjamin Netanyahu has said that if the Israeli hostages held in Gaza were not returned by Saturday, the ceasefire with Hamas will be cancelled, and Israel will resume “intensive fighting” in the war-torn enclave.
In a video statement, Netanyahu said on Tuesday that the move was unanimously approved by his Cabinet Ministers during a four-hour meeting held in the afternoon.
Under the decision, “if Hamas does not return our hostages by noon on Saturday, the ceasefire will end, and the IDF (Israel Defense Forces) will resume intense fighting until Hamas is decisively defeated,” he said.
All of Israel’s Cabinet Ministers welcomed US President Donald Trump’s Gaza takeover plan and his ceasefire ultimatum, the Prime Minister added.
Netanyahu’s remarks came a day after Hamas announced that the handover of hostages scheduled for Saturday would be postponed until further notice.
On Monday, Abu Obeida, spokesman for the Al-Qassam Brigades, the armed wing of Hamas, said in a statement that during the past three weeks, the resistance leadership had monitored Israel’s failures to abide by the terms of the ceasefire agreement.
Accordingly, the handover of the hostages will be postponed until further notice and until Israel ensures adherence to the deal and compensates for the past weeks retroactively, Obeida noted.
“We affirm our commitment to the terms of the agreement as long as the occupation commits to them.”
In response, Israeli Defence Minister Israel Katz said on Monday in a statement that Hamas’ announcement is “a complete violation of the Gaza ceasefire and hostage release deal”.
Katz said he had ordered the IDF to “prepare at the highest level of readiness for any possible scenario in Gaza and to defend the communities near the enclave”.
The Israeli military announced on Tuesday that it would increase its forces near the Gaza Strip and call up reservists after the Israeli Cabinet decided to cancel the ceasefire with Hamas if the Israeli hostages were not returned by Saturday.
A military spokesperson confirmed in a statement, “It was decided to reinforce the area with additional troops, including reservists.”
The spokesperson emphasised that this decision was made “in accordance with the situational assessment”.
The spokesperson further said, “The reinforcements and mobilisation of reservists are being implemented to prepare for various scenarios.”
Trump also issued an ultimatum to Hamas on Monday, saying if all Israeli hostages were not released from Gaza by noon on Saturday, he would propose cancelling the ceasefire agreement and letting “all hell break loose”.
These developments came after an Israeli delegation returned from Qatar, where indirect talks were held regarding the next phase of the ceasefire agreement between Israel and Hamas, and amid continuous regional and international outcry against Trump’s and Netanyahu’s remarks made recently concerning Gaza.
On February 4, Trump announced a controversial plan to take over the Gaza Strip and relocate Palestinians from the enclave during a joint press conference with Netanyahu in Washington.
Two days later, Netanyahu suggested during an interview with Israel’s Channel 14 that “Saudis can establish a Palestinian state in Saudi Arabia; they have plenty of land there.”
On Monday, when being asked in an interview with Fox News if the Palestinians now residing in Gaza, who under Trump’s proposal will face forced displacement to make way for the rebuilding of the enclave, would “have the right to return,” Trump said, “No, they wouldn’t.”
Reacting to Trump’s and Netanyahu’s remarks, many countries have voiced their rejection of displacing Palestinians from their homeland and their support for the two-state solution.
Under the current ceasefire, which took effect on January 19 after 15 months of war, 21 hostages — 16 Israelis and five Thais — were released from Gaza in exchange for hundreds of Palestinian detainees freed from Israeli jails. During the first phase of the agreement, which spans six weeks, 33 Israeli hostages and about 2,000 Palestinian detainees are expected to be released.
International News
US says Iran oil exports blocked at Hormuz

The United States has effectively blocked Iranian oil exports through the Strait of Hormuz while allowing millions of barrels of crude from other countries to reach global markets, Secretary of State Marco Rubio has said, describing the strategy as part of Washington’s efforts to weaken Tehran’s economy without disrupting international energy supplies.
Rubio said between 13 million and 14 million barrels of oil were passing through the strategic waterway daily, with American military forces escorting and protecting commercial vessels against Iranian attacks.
The remarks, made during an interview with Breitbart News on October 15 and released by the State Department on October 19, offered an account of Washington’s military and economic strategy in the Gulf.
“Today, on average over the last 10 days and certainly over the last 30, about 13 to 14 million barrels of oil are going through the Straits of Hormuz out to the global market, and some days it’s actually equivalent to what it was pre-conflict,” Rubio said.
The figures represent the administration’s assessment and were not independently verified in the interview.
The Strait of Hormuz is one of the world’s most important energy corridors, connecting oil-producing Gulf countries with international markets, including India and other major Asian economies.
Rubio said American forces were helping maintain shipping movements despite continuing Iranian attacks.
“And the U.S. military is involved in escorting and defending these ships from these strikes,” he said.
The Secretary of State claimed that Iran had lost control of the waterway following American military operations and that Washington was now using sanctions and a blockade to restrict Tehran’s oil revenues.
“The only country in the world that cannot get a single barrel of oil through the Straits of Hormuz is Iran,” Rubio said.
The assertion was not accompanied by independent shipping data or figures showing the volume of Iranian exports affected by the restrictions.
Rubio said the administration’s objective was to prevent Iran from using energy supplies and maritime security as instruments of pressure against other countries.
He argued that American military operations had significantly weakened Iran’s conventional capabilities, including its naval forces, air defences and facilities producing missiles and drones.
According to Rubio, the administration had sought to prevent Tehran from developing a nuclear weapon while relying on conventional military capabilities to deter international intervention.
He said Iran continued to threaten shipping even after losing much of its ability to control the strait.
Rubio also defended the administration’s economic measures against Tehran, saying they were designed to reduce the resources available to Iran’s military and allied armed groups.
“Every dollar you deny them in sanctions is a dollar they don’t have for Hizballah, a dollar they don’t have for Hamas, a dollar they don’t have for the terrorist militias inside of Iraq, and a dollar they don’t have for their own military or their own nuclear ambitions,” he said.
The Secretary of State acknowledged public frustration over the continuing confrontation with Iran but maintained that Washington had achieved important military objectives.
He described the current American military role in the Strait of Hormuz primarily as defensive, involving the protection of shipping while economic pressure continued.
The claims about Iran’s military losses, oil exports and the effectiveness of the blockade could not be independently established from the interview alone.
The Strait of Hormuz connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. It is a major transit route for crude oil and liquefied natural gas shipped from Gulf producers to international customers, making disruptions particularly significant for energy-importing Asian economies.
International News
US intelligence blackout hurt Ukraine: Zelensky

Ukrainian President Volodymyr Zelensky said that the United States temporarily suspended crucial intelligence sharing with Ukraine for three days, leaving its forces without American warnings of Russian ballistic missile attacks during that period.
In an interview with NBC’s Meet the Press, Zelensky also said restrictions on satellite communications used by Ukrainian forces had not been fully lifted, raising fresh questions about Washington’s military and intelligence support for Kyiv.
The Ukrainian leader said the intelligence interruption affected information that only the United States could provide, particularly advance warnings of ballistic missile strikes.
“We didn’t see attacks of Russia using ballistic missiles,” Zelensky said.
He said Ukraine continued receiving intelligence from European governments and other international partners, but their capabilities could not fully replace American systems.
“We have dozens of countries who help. But only United States has this unique intelligence to say, to tell us, to tell our side when Russia uses ballistic missiles,” he said.
“And we didn’t get it during ballistic attacks during three days.”
Zelensky said the intelligence-sharing arrangement had since been restored.
“It was blocked for some period of time. And then it was deblocked by American side. We are very thankful for this. Now it works,” he said.
The disclosure came amid growing tensions between Washington and Kyiv over President Donald Trump’s handling of the war with Russia.
Zelensky also raised concerns about restrictions affecting Starlink, the satellite internet network operated by Elon Musk’s SpaceX, and its military-related services.
Asked whether the interruption had been deliberate, Zelensky said Ukrainian military officials believed the restrictions originated with the American government.
“Of course the message came from government. I don’t know from whom, what cabinet, and etc,” he said.
He added that Ukrainian officials believed SpaceX had technically implemented the restrictions following instructions from Washington.
Zelensky acknowledged that he did not know which American official might have authorised the move.
Asked whether satellite services had been fully restored, he replied: “No, not of course. We have limitation.”
The Ukrainian President’s account was challenged by Treasury Secretary Scott Bessent, who appeared separately on the same programme.
Bessent said Trump and Secretary of State Marco Rubio had denied that anyone in the administration ordered restrictions on Starlink.
“President Trump and Secretary Rubio have categorically said that no one in the Trump administration did that,” Bessent said.
He called Zelensky’s allegation reckless and said he had no information about the reported intelligence interruption.
“Again, I don’t know anything about that, but we’ve been very clear,” Bessent said.
The conflicting accounts left unresolved who was responsible for the communications disruption and why American intelligence sharing had been temporarily interrupted.
Zelensky said Ukraine remained dependent on American military assistance despite its growing network of European partners.
“If it’s without United States’ support, it’s very difficult,” he said.
Russia launched its full-scale invasion of Ukraine in February 2022. Since then, American intelligence, weapons and satellite communications have played an important role in Ukraine’s defence against Russian military operations, including missile and drone attacks.
Business
India-EFTA trade pact opens new opportunities for Norwegian investment across key sectors

India’s strong economic growth trajectory and the implementation of the India-EFTA Trade and Economic Partnership Agreement (TEPA) are creating significant opportunities for Norwegian investors, particularly in manufacturing, renewable energy, infrastructure, financial services and the digital economy, according to industry insights.
With GDP growth projected to remain around 6.5 per cent annually through 2030, India is widely expected to become the world’s third-largest economy by the end of the decade, according to EY India report.
Analysts attribute this outlook to strong domestic consumption, rising investments, ongoing infrastructure development and reforms aimed at improving the ease of doing business.
The India-EFTA TEPA, which came into effect in October 2025, is being viewed as a major milestone in India-Norway economic relations.
The agreement seeks to promote trade liberalisation, facilitate investment flows and deepen cooperation in areas such as innovation, sustainability and advanced technologies.
The pact includes investment commitments of $100 billion over 15 years and is expected to support the creation of one million direct jobs in India, aligning with the country’s broader goals of expanding manufacturing capacity and strengthening its position in global value chains.
Industry experts believe the agreement creates a strong framework for Norwegian companies to expand their presence in India by combining Norway’s expertise in technology, sustainability and capital-intensive industries with India’s large market and growth ambitions.
Several sectors have been identified as priority areas for collaboration, including manufacturing, renewable energy, oil and gas, maritime services, seafood processing, information and communication technology (ICT), fintech and financial services. These industries are expected to benefit from increasing bilateral cooperation under the TEPA framework.
The rapid expansion of India’s digital economy and digital payments ecosystem is also creating opportunities for Norwegian companies seeking exposure to one of the world’s largest and fastest-growing consumer markets.
At the same time, India’s policy measures aimed at attracting foreign investment are expected to provide a supportive environment for long-term investors, as per the report.
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