India-Flagged Oil Vessels Start Sailing Out of Strait of Hormuz After Iran Reopens Passage
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📌 Summary:
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After Iranian FM Abbas Araghchi announced Strait of Hormuz "completely open", Indian ships stranded in the Persian Gulf began sailing out
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Specific vessels tracked: MT Desh Garima (0.8 mn barrels crude from Qatar), MT Desh Suraksha (0.8 mn barrels from UAE), MT Desh Vaibhav VLCC (2 mn barrels from Iraq's Al Basrah)
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Most stranded ships carry crude oil — critical to India's energy needs; several had been anchored for 3+ weeks
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Significance: India imports ~87% of crude oil; roughly 35% of India's crude comes through Hormuz corridor
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US naval blockade of Hormuz during Iran war (launched March 2, 2026, as part of US-Israeli operation) was a major disruption
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Despite Iran's declaration, Trump said the US naval blockade would continue — creating legal ambiguity for commercial shipping
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Economic impact: Hormuz closure drove up crude prices, insurance premia, and caused freight inflation affecting India's import bill
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This development directly links to RELIEF scheme expansion and the RBI's lowered GDP growth forecast for FY27
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