India News
Leave a comment

Eleven India-bound ships cross Strait of Hormuz after US-Iran MoU: MEA

Eleven India-bound ships cross Strait of Hormuz after US-Iran MoU: MEA



Eleven India-bound vessels have successfully transited through the Strait of Hormuz after the United States (US) and Iran finalised a Memorandum of Understanding (MoU) aimed at ending the recent conflict in West Asia, the Ministry of External Affairs (MEA) said on Tuesday.

Speaking at a media briefing, MEA spokesperson Randhir Jaiswal said shipping movement through the strategic waterway has continued following the agreement signed on June 17. 

“Since the signing of the MoU on June 17, 11 India-bound vessels have transited through the Strait of Hormuz,” Jaiswal said.

According to the MEA, the vessels that crossed the Strait of Hormuz include three Indian-flagged crude oil tankers, each carrying more than 285,000 metric tonnes of crude oil.

The list also includes one foreign-flagged LPG carrier, one foreign-flagged crude oil tanker and six foreign-flagged bulk carriers transporting fertilizer cargo destined for India.

The movement of these vessels is significant as the Strait of Hormuz is one of the world’s most important shipping routes for energy supplies and trade.

Several Indian vessels still in the region

“As of today, we have 10 Indian-flagged vessels which are still in the Persian Gulf region. In addition, two have recently arrived there,” Jaiswal said.

The government is closely monitoring the situation. “We hope that the remaining India-flagged vessels would also be able to cross the Hormuz soon,” he added.

Relief for global energy markets

The Strait of Hormuz is one of the world’s most important shipping routes, carrying around one-fifth of global oil and liquefied natural gas (LNG) supplies.

Global oil and gas prices had surged after Iran effectively blocked the waterway during the conflict, disrupting energy shipments and affecting countries dependent on imports from West Asia, including India.

The situation improved after US President Donald Trump and Iranian President Masoud Pezeshkian signed a peace MoU that provided for an immediate halt to military operations, the reopening of the Strait of Hormuz and the removal of the US naval blockade on Iranian ports.

The US has also withdrawn sanctions on Iranian petroleum products as part of the agreement.

‘India focused on energy security’

Responding to questions on the easing of sanctions on Iranian oil, Jaiswal said India’s energy policy remains driven by national interests.

“We are closely monitoring all developments related to West Asia. As far as our energy sourcing is concerned, our policy is guided by national interest,” he said.

“Our priority is to ensure that 1.4 billion people have access to energy at affordable prices and from diverse sources. This has consistently been our policy,” he added.

(With PTI inputs)



Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link:

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *