Strait of Hormuz

The Indian government has slashed the Special Additional Excise Duty on fuels, bringing petrol taxes to zero.

Trump added that talks with Iran are "going very well," despite assertions to the contrary by the "fake news media" and others.

The sanctioned tanker Aurora, which is transporting Iranian LPG, is expected to reach Mangalore's west coast port shortly.

"This achievement would not have been possible without the backing of the noble people of Iran," top IRGC official stated.

Six Indian-flagged LPG tanker ships are prepared for transit through the volatile Strait of Hormuz, with no tolls levied by Iran, a senior government...

The ships are expected to reach India between March 26 and 28. Naval escort is being provided after exit from Hormuz, as authorities monitor stranded vessels and coordinate safe passage amid regional tension

The Iranian embassy in India has denied media reports about charging $2 million for providing safe passage to merchant vessels through the Strait of...

To further augment the SPR capacity, the Modi Government in July 2021, had also approved the establishment of two additional commercial-cum-strategic petroleum reserve facilities with a total storage capacity of 6.5 MMT at Chandikhol (4 MMT) in Odisha and Padur (2.5 MMT) in Karnataka, on a Public-Private Partnership mode.

"Now, because war has costs, naturally we must do this and take transit fees from ships passing through the Strait of Hormuz,” Boroujerdi said, adding that Iran is showing its strength through the blockade of the strategic waterway.

Iran has slightly eased its position on the movement of ships through the Strait of Hormuz, one of the world’s most important oil routes.