Amid ongoing Middle East conflicts, a major Saudi oil tanker has successfully navigated the volatile Strait of Hormuz, delivering critical crude to Indian refineries and offering brief relief to strained energy markets.
Tanker Reaches Mumbai Safely
The Liberia-flagged vessel, loaded with one million barrels of Saudi crude, docked in Mumbai on March 11 after transiting the strait—where shipping has been disrupted since late February due to hostilities. This marks one of the first successful crossings, highlighting fragile improvements in the chokepoint that handles 20% of global oil flows.
PM Modi Tackles Domestic LPG Shortage
Prime Minister Narendra Modi urged states on March 12 to combat black marketing and hoarding of LPG cylinders amid shortages triggered by the Iran conflict. He emphasized prioritizing household supplies over industrial use to mitigate public hardship from the energy crunch.
Modi Holds Talks with Iran Leadership
In a late-night call on March 12, PM Modi raised alarms with Iranian President Masoud Pezeshkian about escalating West Asia violence, civilian deaths, and infrastructure hits, seeking de-escalation to safeguard regional stability and trade routes.
