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STRAIT OF HORMUZ IMPORTANCE
UAE oil exports rebound to 85% of pre-war levels as Gulf supply routes adapt: IEAUnited Arab Emirates oil exports have rebounded significantly, reaching nearly 85% of pre-conflict levels by early June. Leveraging alterna...- Eleven India-bound vessels have crossed Strait of Hormuz since signing of Iran-US MoU: MEAEleven India-bound vessels have successfully navigated the Strait of Hormuz since the US-Iran agreement on June 17, according to MEA spokes...
- Oil Price Today (June 23): Crude oil near $78 per barrel as investors track flows through Hormuz. What’s next?Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel, while U.S. West Texas Intermediate gained 33 cents, or 0.46%, to $74.19 a ...
- India-bound fertilizer ships cross Hormuz, government saysFour cargo ships laden with vital fertilizers like urea and di-ammonium phosphate have successfully navigated the Strait of Hormuz, en rout...
- Shipping data reveals see-saw situation in Strait of HormuzShipping traffic through the Strait of Hormuz plummeted on Sunday after Iran declared it closed again, citing alleged violations of a peace...
- Nearly 12 ships carrying fertiliser cross Strait of HormuzAt the onset of the Iran war, eight urea, four diammonium phosphate (DAP), one ammonia and three sulphur vessels bound for India were stran...
- Oil keeps flowing through Hormuz despite Iran saying it’s shutDespite Iran's claims of closing the Strait of Hormuz, millions of barrels of oil continued to flow through the vital waterway over the wee...
- Indian refiners increase Russian and UAE oil imports ahead of Hormuz recoveryIndia's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imp...
- Iran shuts the doors to Strait of Hormuz; alleges US, Israeli violations of ceasefire MOUIran has declared the Strait of Hormuz closed, citing alleged violations of a recent Middle East war ceasefire by the US and Israel. This m...
- US VP JD Vance says expects Switzerland trip in coming days for Iran talks"I expect that I will leave sometime in the next couple of days, but you know it's always a delicate coordination dance and the diplomati...
- Iran floats ‘Insurance Fees’ and asserts control over HormuzThis development raises concerns for the shipping sector about safe navigation. Iran's new requirements and possible insurance charges coul...
- PM Modi-Trump G7 meeting: Modi flags seafarers' safety; ties have 'new speed, new energy'Prime Minister Narendra Modi and US President Donald Trump met in France. This was their first face-to-face meeting since February 2025. Th...
- India weighs extending 40-product import duty exemption beyond June 30 amid West Asia tensionsThe government will decide on extending import duty exemptions for 40 products after June 30. This decision hinges on the evolving situatio...
- First signs of LNG traffic return emerge at Strait of Hormuz with a relief for PakistanAn LNG tanker loaded in Qatar is approaching the Strait of Hormuz, signalling a possible revival in traffic after a temporary US-Iran peace...
- Hormuz reopening seen unleashing pent-up Gulf grain demandThe region relies heavily on imported food. A rush of grain is expected to reach these nations.
- IEA says 'unconditionally' re-opening Hormuz vital to end energy crisisThe head of the International Energy Agency stressed that fully reopening the Strait of Hormuz is crucial for global economic stability. Re...
- US–Iran peace deal to reopen Strait of Hormuz brings relief to trade: EEPCThis development is expected to significantly boost global trade, particularly for India, by easing logistics disruptions and costs for ene...
- Oil Price Today (June 16): Crude oil rebounds after 5% plunge as traders await US-Iran peace deal details. Where are prices headed?The rebound followed a sharp selloff on Monday, when oil prices tumbled nearly 5% to their lowest closing level since March 4. The decline ...
- Hormuz may reopen, but fertiliser relief is still months away for IndiaFertiliser supplies and prices will take months to return to normal. Natural gas and petroleum derivative supplies need to resume. Ammonia ...
- Indian LNG tanker crosses Strait of Hormuz as US-Iran deal lifts reopening hopesAn LNG tanker has successfully navigated the Strait of Hormuz. This marks a significant step following a peace agreement between the United...
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