Strait of Hormuz Reopens for Commercial Vessels Amid US-Iran Developments
Iran has reopened the Strait of Hormuz, allowing 15 Indian-flagged merchant vessels to transit the waterway. This development is significant for India, which relies on the strait for nearly 50% of its oil imports. The reopening follows a period of energy supply disruptions due to the West Asia conflict. Following the announcement, Brent crude prices fell below $90 a barrel, down from $119 in late March. Indian officials have not yet responded to the Iranian decision, which is part of ongoing negotiations between Tehran and Washington. India has also been actively working to secure energy supplies from West Asia, with its external affairs and petroleum ministers visiting the UAE and Qatar to ensure uninterrupted oil and gas supplies.
Published 3 days ago • 17 Apr 2026, 09:27 PM IST