Renewed Iran conflict sends oil prices higher, raises Hormuz transit fears
NEW DELHI: US President Donald Trump’s announcement ending the ceasefire with Iran has escalated concerns about the transit through Strait of Hormuz of ships carrying fuel, fertiliser and other container cargo.
The eruption comes at a time when nine India-bound ships await transiting the Strait over the next couple of days. However, a claim by Iran’s semi-official Fars news agency that an Indian oil tanker had turned back from the Omani corridor leading to the Strait, has deepened the concern.
The eruption comes at a time when nine India-bound ships await transiting the Strait over the next couple of days. However, a claim by Iran’s semi-official Fars news agency that an Indian oil tanker had turned back from the Omani corridor leading to the Strait, has deepened the concern.
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