The Marshall Islands-flagged tanker, Nissos Keros, had departed from Sharjah on May 21 and is currently headed towards India. It is expected to arrive in Visakhapatnam on June 3.
Iran is considering a new framework for ship movement through the Strait of Hormuz, linking access to security coordination as regional tensions reshape global maritime routes.
Five vessels bound for Indian ports have already cleared the IRGC-controlled corridor, but New Delhi insists no toll can be legally imposed on an international waterway under global maritime law.
According to estimates, about 130-170 million barrels of Iranian crude are at sea, mostly in the Indian Ocean, but also in the Mediterranean and South China Sea.
The oil trade between Russia and India has entered a new phase, marked by the dominance of a few large trading firms and the exit of smaller intermediaries.
Castorseeds bold and castoroil commercial surged further in an otherwise listless Vashi oils and oilseeds wholesale market here today due…
