▼ Bearish for Indian equities
More tankers struck in the Middle East as Iran reiterates conditions for reopening the Strait of Hormuz
The brief
- Iran says reopening the Strait of Hormuz requires an end to the naval blockade and economic warfare
- Tehran also demands a halt to U.S. actions and the release of Iranian assets
- Prolonged disruption to Hormuz shipping could pressure Indian refiners and raise energy costs
- Iraq Shifts Oil Strategy by Arranging Tanker to Move Past Hormuz
- India, China better positioned for Hormuz disruptions; Russian oil purchases likely to continue: Former Singapore Foreign Minister
- Port unions seek urgent measures to protect Indian seafarers on conflict routes
- Iran says Strait of Hormuz will stay closed until US meets seven conditions
- Crude oil tanker struck by unknown projectile off Oman, UKMTO says
Attacks on commercial shipping in the Gulf
India urged restraint and de-escalation amid the Gulf conflict, warning that threats to shipping could affect energy supplies, commerce and maritime security. UKMTO later reported that two oil tankers were struck by unidentified projectiles in the Strait of Hormuz.
Sunday, 4 October
- More tankers struck in the Middle East as Iran reiterates conditions for reopening the Strait of Hormuz