New Delhi: India is exploring diplomatic options, including possible engagement with Iran, as at least nine crude oil and liquefied petroleum gas (LPG) tankers carrying Indian-bound cargo remain stranded in the Persian Gulf amid renewed security concerns in the Strait of Hormuz. The developments come as commercial shipping in the region faces growing risks following fresh military escalation.
The government is considering talks with Iran to help secure the safe passage of the nine laden vessels. Prime minister Narendra Modi’s is closely monitoring their movement as attacks in the region threaten an already fragile interim ceasefire, Bloomberg reported.
The concerns have intensified after fresh military tensions erupted in the Gulf. RNA Media earlier reported that the understanding between Washington and Tehran has effectively collapsed after the United States launched fresh strikes on Iranian military targets and reinstated oil sanctions. Iran subsequently targeted US military facilities in Bahrain and Kuwait, raising fears of a wider regional conflict and increasing risks for commercial shipping through the Strait of Hormuz.
The impact on maritime traffic is already becoming visible. Reuters, citing data from LSEG and Kpler, reported that the Indian-flagged very large crude carrier (VLCC) Lila Vadinar, carrying around 2 million barrels of Kuwaiti crude loaded late last week, made a U-turn near the Strait of Hormuz off the coast of Oman on Wednesday. The vessel’s course change signals increased caution among ship operators passing through one of the world’s most important energy chokepoints.
The new concerns also come on top of recent attacks on commercial ships transiting through the Strait of Hormuz, raising security concerns for world shipping. Adding to the uncertainty, Iran has said ships passing through the strategic waterway would have to follow rules set by Tehran, with their passage to be decided by Iranian authorities, prompting shipping companies to reconsider routes and navigation plans.
Though India has not officially declared any diplomatic outreach to Tehran, the reports of direct talks being considered highlight India’s efforts to safeguard its energy security and secure uninterrupted fuel supplies. Tensions in the Gulf continue to pose a threat to one of the world’s busiest energy trade routes and officials are closely monitoring developments.