Petroleum and Natural Gas Minister Hardeep Singh Puri stated that news reports and social media posts claiming that an Iranian crude cargo was diverted from Vadinar, India, to China due to payment issues are factually incorrect. In a social media post, Mr. Puri stated that amid disruptions in...
March 20, New Delhi — Rising security concerns around the Strait of Hormuz have disrupted maritime trade routes, leading to vessel diversions, longer sailing routes, congestion at transshipment hubs, and emergency conflict-related surcharges. These developments have increased logistics costs and...