A US naval blockade of Iranian ports, following failed ceasefire talks, has increased uncertainty over energy cargo movements and the risk of stranded supplies. This escalation is expected to further squeeze global supply and drive oil prices higher, impacting India’s significant crude and LPG imports from Iran.
Indian ports have received two large crude carriers loaded with Iranian oil. This marks the first purchase from Iran in seven years, enabled by a temporary US waiver. The waiver expires soon. Indian Oil Corp and Reliance Industries are among the refiners taking advantage of this opportunity.
India’s state-run Hindustan Petroleum Corp is seeking a liquefied petroleum gas tanker. The vessel will load propane and butane from Russia’s Ust-Luga port. This move aims to secure cooking gas supplies amid a severe shortage. India is diversifying its LPG sources due to disruptions in the Middle East.
India has so far managed the oil shock from the Iran war through policy buffers, diversified crude sourcing and intervention by the Reserve Bank of India, keeping inflation and supply chains stable. However, the proposed US naval blockade of Iranian ports by Donald Trump risks escalating the situation and disrupting energy flows through the Strait…
British Prime Minister Keir Starmer has stated that the UK will not be drawn into a war with Iran, nor will it support a blockade of the Strait of Hormuz. Starmer emphasized the critical importance of reopening the strait, confirming that all of Britain’s efforts are focused on this objective and will continue.
A commentary argues that US President Donald Trump may be underestimating Iran’s leverage in the Strait of Hormuz, warning that a blockade is more likely to deepen conflict than force concessions. It says energy blockades are acts of war, slow to take effect, and risk collapsing the fragile ceasefire while hurting the global economy.
An Iranian Armed Forces spokesperson called U.S. restrictions on vessels in international waters “illegal” and said they amount to piracy, warning that Iran will enforce a “permanent mechanism” to control the Strait of Hormuz.
Oil prices could skyrocket to $150 a barrel if the US proceeds with a planned blockade of the Strait of Hormuz, a move that could disrupt up to 12 million barrels per day. Brent crude already surpassed $103 following failed talks with Iran, with traders deeming a full blockade unlikely despite escalating tensions and naval…
U.S. President Donald Trump on Sunday said the U.S. Navy would begin a blockade of ships linked to Iranian ports in the Strait of Hormuz after ceasefire talks with Iran in Pakistan failed. The U.S. Central Command said the blockade would start Monday but still allow vessels not heading to Iranian ports to pass through…