Times of India•Mar 12
Strait Of Hormuz Oil Supply: India gets safe passage amid attack on tankers: Iran allows ships through Strait of Hormuz after Jaishankar speaks to counterpart
Iran on Thursday allowed Indian-flagged vessels to pass safely through the Strait of Hormuz, even as maritime traffic through the strategic waterway has slowed sharply following the US-Israel strikes on Iran, according to a report in The Economic Times. Despite allowing Indian-flagged vessels to pass, Iran has warned that ships seeking to transit the Strait of Hormuz must obtain its approval, failing which they could be targeted. Meanwhile, the US Department of Energy said it plans to release 172 million barrels from the Strategic Petroleum Reserve starting next week, as oil markets react to volatility triggered by the conflict and fears of supply disruptions through the Strait of Hormuz.
