Brief by Shorts91 Newsdesk / 04:50am on 12 Mar 2026,Thursday India Global
In a major diplomatic development, Iran has allowed India-flagged oil tankers to pass through the strategic Strait of Hormuz amid ongoing regional conflict. The move reportedly followed discussions between India’s External Affairs Minister S. Jaishankar and Iranian Foreign Minister Abbas Araghchi. Two Indian tankers Pushpak and Parimal are currently transiting the strait safely, while ships linked to the United States, Europe and Israel continue to face restrictions. Earlier, a Liberia-flagged tanker carrying Saudi crude to India also crossed the passage safely and docked in Mumbai. The Strait of Hormuz is one of the world’s most crucial energy corridors, carrying about 20 million barrels of oil per day, nearly one-fifth of global oil consumption. Any disruption in this route can significantly impact global energy markets and supply chains. (PC: Reuters)
