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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 reported on May 20 (UTC+8) that India plans to send oil tankers through the Strait of Hormuz to load energy cargoes from the Middle East. This would be the first time since the outbreak of the Iran conflict. Sources said the plan has been finalized and awaits final government approval for execution. Specific timing and shipment volumes 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’s war began in late February, shipping through the Strait of Hormuz has almost stalled. The strait handles about one-fifth of global oil flows, and the disruption has severely impacted importers like India. It is unclear whether Iran or the U.S., which is enforcing the blockade, has given India clearance; their consent is crucial. Last week, Indian Foreign Minister S. Jaishankar met with Iranian Foreign Minister Abbas Araghchi on the sidelines of the BRICS summit in New Delhi. Sources said India wants to continue importing energy from traditional Middle Eastern suppliers because alternative sources take longer and cost more. (Jin Shi) (Source: ODAILY)
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