India accelerates Iran oil shipments during ceasefire window to rebuild fuel stocks amid regional tensions. New Delhi is urging Tehran to expedite oil and gas cargo movements, with sixteen Indian-flagged ships currently stranded in the Persian Gulf. Industry experts warn that normalizing trade could take at least three months due to vessel movement delays, insurance constraints, and loading difficulties. About 800 vessels remain caught in the region. Brent crude futures fell to $91 following ceasefire announcements, down $19, yet refiners paid $130-140 per barrel in spot markets recently. India expects unimpeded navigation through the Strait of Hormuz under international law, rejecting any proposed transit levies from Iran. Recovery will be gradual as uncertainty persists over final negotiations.
Post from MarketNews_en
Log in to interact with content.