India Resumes Hormuz Oil Shipping

India>>>, the world's third-largest crude importer, is preparing to resume sending vessels through the Strait of Hormuz>>> to load energy cargoes from Middle East suppliers. This marks the first time since the Iran>>> conflict began that India>>> will attempt such transits, which have been largely halted, causing significant disruptions and price shocks. State-owned Shipping Corporation of India>>> is ready to operate once it receives approval from the India — Indian Navy>>> and oil refiners. The India — Indian Navy>>> has increased its presence and surveillance in the region to escort Indian-flagged ships. India>>>'s External Affairs Minister S. Jaishankar>>> met with Iran>>>'s counterpart Abbas Araghchi>>> to discuss the situation. The success of this plan hinges on agreement from both Iran>>> and the United States>>>, which are currently blockading the strait. India>>> has also launched a marine insurance initiative to cover ships in high-risk waters. This move is crucial for India>>>'s economy, which has been strained by the energy crisis, leading Prime Minister Narendra Modi>>> to urge fuel conservation.