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Norway Bans Hormuz Transits, India Makes a Deal With Iran for Safe Passage
India seeks safe transit for over 20 tankers through the Strait of Hormuz to secure vital energy supplies amid regional tensions, with shipments stalled since recent attacks.
- On Wednesday, two crude tankers carrying roughly 3 million barrels arrived in India after transiting the Strait of Hormuz, marking the first non-Iranian transits since the conflict began on February 28.
- India's External Affairs Minister S. Jaishankar held three recent calls with Iran's foreign counterpart Abbas Araghchi to seek safe passage for more than 20 oil tankers, MEA spokesperson Randhir Jaiswal said.
- Analysts at Kpler said some vessels were 'going dark' by switching off Automatic Identification System transponders while crossing the Strait of Hormuz, with cargoes moving on March 6 and March 9.
- Arrivals of stuck tankers should help ease immediate supply tightness for refiners and households as India depends on imports for around 60% of LPG, 90% via Hormuz, with over half supplies cut.
- The Strait of Hormuz handles about a fifth of global crude and LNG trade, with ten LPG vessels and five crude carriers arriving after being stuck since US and Israeli attacks, potentially easing supply tightness.
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India and Iran are in talks to safely evacuate 20 tankers from the Strait of Hormuz, according to a Bloomberg report. Hardeep Singh Puri stated in Parliament that India's crude oil supply is completely secure. There is no oil crisis in the country. There is no shortage of petroleum products.
India in talks with Iran over safe passage of 20 oil tankers through Hormuz: Report
India is in talks with Iran over allowing as many as 20 oil and gas tankers through the Strait of Hormuz, which has remained shut amid the Iran war. The negotiations are being handled by the Ministry of Foreign Affairs, Bloomberg reported.
·India
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Total News Sources16
Leaning Left3Leaning Right5Center1Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
L 33%
11%
R 56%
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