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The Economic Times

Economy / The Economic Times

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Hormuz traffic eases; Iran revives crude supply pitch to India

Maritime traffic through the Strait of Hormuz is normalizing, with most India-bound energy shipments successfully navigating the chokepoint. Iran has signaled its readiness to resume crude oil exports, engaging in discussions with India following the lifting of sanctions. This development could significantly ease energy supplies to India, as Tehran seeks to broaden its customer base beyond China.

29 Jun 2026 12:14 am