{"id":"f-80ae245e0c-fe6fa7f0-0e33-52ac-a00f-7f8b54977f8b","title":"US-Israel-Iran War: 37 Indian-Flagged Vessels Stranded In Strait Of Hormuz, Rs 100 Bn Assets At Risk","description":"Iran took control of the Strait of Hormuz after the US-Israeli attacks, which choked vital Middle East oil and gas flows and caused oil prices to spike.","timestamp":1772723303,"category":"business","headline":"US-Israel-Iran War: 37 Indian-Flagged Vessels Stranded In Strait Of Hormuz, Rs 100 Bn Assets At Risk","modifiedHeadline":"India: 37 Vessels Stranded in Hormuz","subCategories":["scid_6a7129b0"],"subcategoriesName":["Other"],"region":"IN","bundleMetaData":{"bundleId":"7b48871c-c993-4956-b43d-6f46f8e1b036","bundleTitle":"Today In India","cardData":null},"iabCategoryId":"389","iabCategoryName":"War and Conflicts","fcSummary":"the ongoing conflict between the us-israel and iran has left 37 indian-flagged vessels stranded in the strait of hormuz, jeopardizing shipping assets worth billions. india's lpg supply faces disruption as the strait, vital for 85% of india's imports, is paralyzed, impacting over 400 indian crew members. three tankers have been attacked, raising safety concerns and prompting calls for government intervention.","summary":"Iran's control of Hormuz strands 37 Indian vessels, risking $1.1B assets. Oil prices spike as conflict disrupts vital flows.","ctaUrl":"https://trends.glance.com/newz/news/IN/en/news18/f-80ae245e0c-fe6fa7f0-0e33-52ac-a00f-7f8b54977f8b","sourceUrl":"https://www.news18.com/world/us-israel-iran-war-indian-flagged-vessels-stranded-in-strait-of-hormuz-assets-at-risk-ws-kl-9944478.html","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/9-1ViH0TdW60.webp","content":"

As the war between US-Israel and Iran entered its sixth day on Thursday, at least 37 Indian-flagged vessels are stranded in the Strait of Hormuz, and shipping assets worth over Rs 100 billion are exposed

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to security risks, according to Indian shipowners. FOLLOW LIVE UPDATES

The Indian National Shipowners Association (INSA) has written a letter to the Ministry of Ports, Shipping and Waterways, seeking urgent government intervention as the vessels are caught in a “blocked style closure”, reported Khaleej Times. It said several tankers are loaded with crude oil or liquefied petroleum gas (LPG) headed to Indian ports.

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The association said about 85% of India’s LPG imports are through the strait and any disruption could create problems in India. The INSA also sought clarification from the government about reports claiming Chinese and Iranian ships still pass through the Strait of Hormuz, which has caused confusion among Indian ship operators

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INSA also said three Indian tankers have been attacked since the conflict began on February 28. One Indian-flagged vessel narrowly escaped a missile attack, which landed just a mile away. INSA CEO Anil Devli also informed that about 400 Indians are also aboard oil tankers and gas carriers in the Strait of Hormuz.

This came as the Strait of Hormuz remained paralysed on Thursday after Iran said it would take control of the vital trade route in retaliation for the US-Israeli strikes on February 28. This move choked off vital Middle East oil and gas flows, and caused a spike in oil prices.

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ALSO READ: US Attacks Iran Today: US Defends Iran Strike, Says Tehran Won’t Control Oil-Critical Strait of Hormuz

The Strait of Hormuz is the narrow mouth of the Persian Gulf through which about a fifth of the world’s oil passes. Tankers transiting the strait, bordered in the north by Iran, carry oil and gas from Saudi Arabia, Kuwait, Iraq, Qatar, Bahrain, the UAE, and Iran. Most of that oil goes to Asia.

The war has impacted agricultural supply to over 50 million people in the Gulf region, which imports over 90% of its food. US President Donald Trump on Tuesday said he ordered the US development finance arm to provide political risk insurance for tankers carrying oil and other goods through the Gulf “at a very reasonable price.”

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About 3,200 ships, about 4% of global ship tonnage, are idle inside the Persian Gulf, according to estimates by Clarksons Research, which tracks shipping data. Yet that includes about 1,231 ships that likely only operate within the Gulf.

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US-Israel-Iran War: 37 Indian-Flagged Vessels Stranded In Strait Of Hormuz, Rs 100 Bn Assets At Risk

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