Iran May Allow Indian Tankers Through Hormuz Despite Ongoing Shipping Attacks

Iran is set to allow India-flagged tankers to pass through the Strait of Hormuz, an Indian source told Reuters on Thursday amid conflicting reports about the situation at the world’s most vital oil trade chokepoint. India, the world’s third-largest crude importer, gets about 40% of its oil imports from the Middle East and the Strait of Hormuz. Yet, an Iranian source based outside Iran told Reuters there was no such agreement for safe passage between Iran and India. The Economic Times, an Indian outlet, reported on…