
The transits are a lifeline to gulf energy producers and a boon to shipowners and commodity traders who stand to reap billions of dollars from the trade.

The media brief comes at a time when global markets remain sensitive to developments in West Asia, particularly around the Strait of Hormuz, a key global oil transit route
India watches closely as Iran's Foreign Minister signals safe passage through the Strait of Hormuz after Oman talks. This critical waterway is vital for global oil transit. Oman's mediation role is growing. India has navigated recent diplomatic challenges for…