Iran-US MoU Eases India Energy Supplies
The External Affairs Ministry said the recent Iran-US MoU has helped improve the movement of India-bound energy and fertiliser shipments through the Strait of Hormuz, a key maritime route for global oil and trade flows.
Iran US MoU Boosts India Energy Supplies
The ministry said 11 India-bound vessels have crossed the Strait of Hormuz since the Iran-US MoU was signed on June 17. The development is being seen as a positive sign for India’s energy security after weeks of concern over shipping disruption in the Gulf region.
The vessels included three Indian-flagged crude oil tankers, each carrying 2,85,000 metric tonnes of crude oil. A foreign-flagged LPG carrier and another foreign-flagged crude oil tanker also crossed the strategic waterway.
Fertiliser Shipments To India Resume
The External Affairs Ministry said six foreign-flagged bulk carriers carrying fertiliser were also among the vessels that moved through the Strait of Hormuz after the agreement.
Officials said 10 Indian-flagged vessels remain in the Persian Gulf region, while two more Indian ships have entered the area from the other side. The ministry said it expects the remaining vessels to cross the route soon.
Strait Of Hormuz Remains Critical For India
The Strait of Hormuz, located between Iran and Oman, is one of the world’s most important oil transit routes. It connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, making it vital for energy supplies from major Gulf producers.
Recent tensions had raised concerns about oil flows, fertiliser availability and price stability. The renewed movement of ships has reduced immediate concerns for India, though officials continue to monitor the situation closely because of the route’s importance to energy, LPG and fertiliser imports.
