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The Indian-flagged LPG tanker Jag Vikram (IMO 9324734) successfully arrived at Gujarat’s Kandla Port on 14 April 2026, carrying 20,400 metric tonnes of LPG and 24 crew members. The safe arrival was confirmed by a tracking update on VesselFinder, marking a significant milestone in India’s energy logistics.The vessel’s passage through the Strait of Hormuz on 11 April was particularly noteworthy,
India’s robust macroeconomic and financial sector fundamentals are expected to cushion the impact of a sustained oil price shock, according to S&P Global Ratings. The agency noted that economic growth could slow by up to 80 basis points if crude oil averages $130 per barrel in 2026.Under its stress scenario, corporate earnings before interest, tax, depreciation and amortisation (EBITDA) could
France and the United Kingdom are preparing to host a joint conference that will bring together more than 40 countries to address the ongoing closure of the Strait of Hormuz.The meeting, scheduled for Friday in Paris, will take place via videoconference and aims to establish a multilateral and defensive mission to restore freedom of navigation in one of the world’s most critical energy
Russian Foreign Minister Sergey Lavrov and Chinese Foreign Minister Wang Yi met in Beijing on Tuesday, marking their first in-person engagement of the year.The meeting took place against the backdrop of mounting instability in West Asia, where a tightening US naval blockade in the Strait of Hormuz has heightened tensions.The discussions reflected the deepening strategic partnership between Moscow
A US-led naval blockade targeting Iranian ports and traffic through the Strait of Hormuz has sharply escalated tensions with Tehran, carrying consequences that extend far beyond the Gulf. The move threatens energy markets, supply chains, international law norms and fragile geopolitical balances.At its core, the strategy seeks to choke off Iran’s oil lifeline and force the reopening of the strait,
A United States blockade of Iranian ports at the Strait of Hormuz could inflict economic damage of up to $435 million, or ₹4,081 crore, per day as tensions between Washington and Tehran intensify, according to a report in the Wall Street Journal, according to a NDTV report.The blockade, announced by President Donald Trump as beginning on Monday, is expected to disrupt the flow of oil, fertiliser,
Mohammad Fathali, the Iranian Ambassador to India, has reaffirmed the depth of the bilateral relationship between Tehran and New Delhi, describing India as a trusted partner and a "friend", reported TOI.His comments come during a period of significant regional tension, specifically regarding the maritime security of the Strait of Hormuz, a vital artery for global energy trade and Indian fuel
According to a report by Reuters, Iran has denied charging tolls for Indian tankers transiting the Strait of Hormuz. At a press conference in New Delhi, Tehran’s ambassador to India, Mohammad Fathali, stated that Indian vessels passing through the strategic waterway had not paid any fees to Iran.His remarks came after U.S. President Donald Trump vowed to block passage for ships making payments to
Iran’s Ambassador to the United Nations, Amir Saeid Iravani, has issued a strong condemnation of the United States over the imposition of a naval blockade on Iranian ports, describing it as a gross violation of Iran’s sovereignty and territorial integrity.His remarks, carried by Iranian state media Press TV, were made in a formal letter addressed to UN Secretary-General Antonio Guterres and the
The imposition of a United States naval blockade on Iranian ports has left fifteen Indian-flagged vessels stranded west of the Strait of Hormuz.The blockade was announced after ceasefire talks with Tehran in Pakistan collapsed, and it applies to all Iranian ports in the Arabian Gulf and Gulf of Oman.While vessels travelling between non-Iranian ports are technically permitted to transit, the