[ad_1] The Master and crew of MT Sanmar Herald receive a welcome at Paradip Port after navigating conflict-hit waters and reaching India safely. A crude oil tanker that sustained shrapnel damage while navigating the conflict-hit Middle East safely arrived at Odisha’s Paradip Port after a challenging voyage from Iraq.The MT Sanmar Herald, carrying Basrah Medium … Read more
It is clear that Russia continues to be India’s single most important crude supplier and remains at the core of the country’s import strategy. (AI image) The US-Iran war has pushed India’s crude oil imports from Russia to an all-time high – beyond levels seen when Russian crude was available at big discounts in the … Read more
Bharat Petroleum Corporation Ltd (BPCL) is preparing to invest about Rs 5,000 crore to almost double its LPG storage capacity to 340 thousand metric tonnes (TMT) from around 200 TMT, according to three OMC executives. Similar expansion plans by Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) are still being worked out. State-run … Read more
Strait Of Hormuz (ANI image) Iran and Oman are moving forward with plans to introduce payments for merchant vessels transiting the strategic Strait of Hormuz, despite strong objections from the United States.Oman has submitted a proposal outlining a framework under which shipping companies would pay service fees for using the Strait of Hormuz, according to … Read more
[ad_1] Free navigation in Hormuz essential: PM Modi to Iran President Masoud Pezeshkian NEW DELHI: Iranian President Masoud Pezeshkian briefed PM Modi about the recent developments in West Asia and the way forward in a phone call, said the Indian govt. On X, Modi said he reiterated the importance of freedom of navigation in the … Read more
Iran on Monday asserted that it remains fully capable of safeguarding the Strait of Hormuz, saying there is no need for foreign intervention in the strategic waterway, while dismissing reports of imminent direct talks with the United States.Speaking at his weekly press briefing, Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Tehran was “fully aware of … Read more
The world’s third-largest oil importer received around 2.70 million barrels per day (bpd) of Russian crude during June India’s imports of Russian crude oil climbed to a record high in June as refiners increased purchases of discounted barrels to offset supply risks linked to disruptions around the Strait of Hormuz, according to preliminary ship-tracking data … Read more
Tankers and cargo vessels are seen in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea, Tuesday, June 16, 2026. (AP Photo) Modern supply chains were built for a world where ships could move freely, insurance stayed cheap and the shortest sea route was usually the safest bet.The … Read more