Brent Crude Oil Slides Below $77 As Markets Monitor Tanker Traffic Through Strait of Hormuz

However, as reported by PTI, eleven India-bound ships have transited through the Strait of Hormuz after the US and Iran finalised a Memorandum of Understanding (MoU) to end the West Asia conflict. External Affairs Ministry Spokesperson Randhir Jaiswal said on Tuesday, “We have 10 Indian-flagged vessels which are still in the Persian Gulf region. In addition, two have recently arrived there,” he said at a media briefing. “Since the signing of the MoU on June 17, 11 India bound vessels have transited through the Strait of Hormuz,” he said.

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