Iran Permits Indian Gas Tankers Through Hormuz Blockade While Oil Prices Hit 120 Dollars Per Barrel

Iran permitted the Shivalik and Nanda Devi tankers to transport liquefied petroleum gas through the Strait of Hormuz after negotiations with Narendra Modi.This diplomatic opening comes as Saudi Arabia and the United Arab Emirates fail to bypass the maritime blockade with pipelines due to ongoing drone strikes.Global crude oil prices have reached one hundred twenty dollars per barrel while India attempts to resolve a domestic energy shortage affecting households.
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