India among five nations granted passage through Strait of Hormuz by Tehran

Iran allowed India and a number of other "friendly nations" including China and Russia to use the Strait of Hormuz for commercial shipping, Iranian Foreign Minister Seyed Abbas Araghchi has said. Gobal oil and gas prices have surged after Iran virtually blocked the Strait of Hormuz, a narrow shipping lane between the Persian Gulf and the Gulf of Oman, that handles roughly 20% of global oil and LNG (Liquefied Natural Gas). raghchi has said. Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto

Iran allowed India and a number of other "friendly nations" including China and Russia to use the Strait of Hormuz for commercial shipping, Iranian Foreign Minister Seyed Abbas Araghchi has said.

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Global oil and gas prices have surged after Iran virtually blocked the Strait of Hormuz, a narrow shipping lane between the Persian Gulf and the Gulf of Oman, that handles roughly 20% of global oil and LNG (Liquefied Natural Gas).

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"We have permitted certain countries that we consider friendly to pass through (Strait of Hormuz). We allowed China, Russia, India, Iraq, and Pakistan to transit," Mr. Araghchi said, according to Iranian State TV. There have been growing global concerns over disruptions in commercial shipping through the Strait of Hormuz, with US President Donald Trump warning Iran of severe consequences if it does not fully reopen the waterway.

In the last couple of weeks, India has made diplomatic efforts focused on ending the conflict in West Asia as soon as possible and ensuring the unimpeded flow of energy through the Strait of Hormuz.

New Delhi thinks there could be serious ramifications for fuel and fertiliser security for many countries including India if the blockade of the shipping lane continues.