Bhubaneswar, March 20: Since it has now appeared to be crystal clear and evident enough that the absolute control over the contentious Strait of Hormuz lies in the gargantuan grip of Iran, the present state of affairs has reportedly converted into an economic warfare from the apparently ballistic/missile/drone strikes.
Latest media reports reveal that adamant Iran has now started charging hefty fees from its favoured oil tanker(s) for safe passage following which an oil tanker operator has reportedly coughed up $2 million in shape of transit fee for a safe passage through the strategic chokepoint.
The sea route has been reported to be around the Larak Island heavily guarded by Iran’s formidable Islamic Revolutionary Guard Corps (IRGC) Navy along with the Iranian port authorities, and they are reportedly verifying each and every vessel.
Reports claimed: “Nine vessels belonging to China, Pakistan and India have used this safe corridor after being cleared diplomatically.”
Reports further claimed that India has not paid the transit fee for safe corridor passage of its LPG carriers Shivalik and Nanda Devi. Same fate has reportedly been with a Pakistani tanker due to successful diplomatic parleys.
On the other hand, the Trump regime has reportedly de-sanctioned and accorded a green signal to the smooth passage of Iranian oil that has utterly astounded one and all.
As per media reports that quoted US Treasury Secretary Scott Bessent, “The US Administration will allow 140 million barrels of Iranian oil already at sea to move.”
Reports stated that the de-sanctioned Iranian oil was allowed for China.
Even India has recently been allowed to purchase oil from Russia for 30 days amid the West Asia tension. It is termed to be a temporary waiver as the Trump regime has already sanctioned India against purchasing of Russian oil for which a hefty amount of tariff has been levied for any breach of its diktat.
Such an unexpected relief of de-sanctioning would ease the big burden of global supply chain as well help in downing the soaring oil prices, because the global oil prices have reportedly jumped $100 per barrel of late.
