Iranian Ambassador says Indian ships can pass through the Strait of Hormuz without restrictions, ISNA reports
The Iranian Ambassador's comments on Indian ships passing freely through the Strait of Hormuz may signal easing tensions in the region, which is pivotal for global oil trade.
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Iranian Ambassador says Indian ships can pass through the Strait of Hormuz without restrictions, ISNA reports
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Iranian Parliament Speaker Ghalibaf says Iran, by exercising control over the Strait of Hormuz, will ensure that it and its neighbours enjoy the precious blessing of a future free from the presence and interference of the US
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This development could alleviate concerns over shipping disruptions and may be interpreted positively by risk assets; however, the market will be watching for any retaliatory responses from other regional players.
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