However, challenges persist, with 17 Indian vessels still stranded west of the Strait of Hormuz. Among them are two LPG-loaded ships — Green Asha and Jag Vikram — which are expected to head towards India soon. Earlier reports indicated that several of these vessels were stationed near Abu Musa Island in the Persian Gulf, awaiting clearance and following advisories from the Indian Navy for safe passage.
Meanwhile, global oil trade dynamics have shown signs of strain. A foreign tanker, reportedly carrying Iranian crude oil to India, has altered its destination mid-voyage and is now heading towards China. According to analysts, such changes highlight growing sensitivity in crude trade due to tightening financial terms and increased counter-party risks.
The tanker, previously bound for Vadinar in Gujarat’s Deendayal Port and carrying an estimated six lakh barrels of crude, is now signalling Dongying in China as its destination. While it remains unclear if this change is final, the shipment would have marked India’s first import of Iranian crude in six years.
Experts suggest that beyond logistics, stricter payment conditions — shifting from credit-based systems to upfront settlements — are playing a crucial role in shaping global oil flows, particularly for Iranian crude exports. Stay with TOI for more updates: