Hormuz Archives - National Times

06 Mar

Iran’s Selective Hormuz Strait Restrictions Offer Breathing Space for India’s Energy Supplies

Rajeev Sharma0 CommentsIndia, TrendingHormuz

Tehran (Rajeev Sharma): India may avoid major disruption to its energy imports after Iran clarified that restrictions in the Strait of Hormuz apply only to ships associated with the United States, Israel, Europe and their allied nations. The announcement has brought cautious relief to New Delhi, which relies heavily on the key maritime route for crude oil shipments. The strategic strait, located between Iran and Oman and measuring roughly 33 kilometres at its narrowest point, has remained closed since March 1 following coordinated military strikes on Iran by the United States and Israel. Given that close to 40 per cent…

Global Oil Shock: India Braces for $100 Crude as Hormuz Closure Ignites Energy Security Crisis

Gurpreet Singh0 CommentsBusiness, IndiaCrisis, Crude, Energy, Hormuz, India, Iran, Oil

New Delhi (Gurpreet Singh): The Indian economy is facing a critical strategic challenge as global oil prices surged nearly 10 per cent on Sunday, March 1, 2026, following a dramatic military escalation in West Asia. Brent crude jumped toward $80 a barrel in over-the-counter trading after joint US and Israeli strikes on Iranian leadership prompted Tehran to move toward shutting the Strait of Hormuz. This narrow maritime corridor is the primary artery for nearly one-fifth of global oil and gas supplies, and any prolonged blockage threatens to drive prices toward the $100 mark, significantly straining import-dependent nations. The crisis acquired…

Trade Risk Assessment: Commerce Ministry Summons Exporters and Shipping Chiefs as Hormuz Blockage Looms

Gurpreet Singh0 CommentsIndia, World NewsCommerce Ministry, Exporters, Hormuz, Shipping, Trade

NEW DELHI (Gurpreet Singh) — The Union Commerce Ministry has convened an emergency high-level meeting on Monday, March 2, 2026, to evaluate the growing threat to India’s trade interests following the dramatic escalation of the Middle East conflict. The hybrid-mode session will bring together senior government officials, representatives from the Federation of Indian Export Organisations (FIEO), major shipping lines, and freight forwarders to assess the viability of critical maritime corridors and the potential for a massive spike in logistics costs. The immediate trigger for the meeting is the reported unofficial "blockage" of the Strait of Hormuz by Iran’s Revolutionary Guard…