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India plans to send oil tankers through the Strait of Hormuz to resume energy imports from the Middle East.

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ME News message, May 20 (UTC+8), India plans to send tankers through the Strait of Hormuz to load energy cargo from the Middle East. This would be the first time since the Iran conflict broke out. Sources say the plan has been finalized and can be executed once it receives final government approval. Specific timing and volume have not been disclosed. Once Indian Navy approval is obtained and refiner orders are received, the state-owned Shipping Corporation of India will return to the Persian Gulf. Since Iran launched its offensive at the end of February, shipping through the Strait of Hormuz has been almost paralyzed. The strait carries about one-fifth of the world's oil flow, and its disruption has severely impacted importers like India. It is currently unclear whether Iran or the US, which have imposed the blockade, have given India clearance; their consent is crucial. Last week, Indian External Affairs Minister S. Jaishankar met with Iranian Foreign Minister Araghchi on the sidelines of the BRICS summit in New Delhi. Sources say India hopes to continue importing energy from traditional Middle Eastern suppliers because alternative sources take longer and are more costly. (Jin Shi) (Source: ODAILY)
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