Oman trade pact gives India alternative energy gateway
Energy
Activation of deal boosts Indian oil security as US-Iran agreement takes effect
The India-flagged tanker Desh Garima unloads crude oil in Mumbai on April 30 after transiting the Strait of Hormuz amid disruptions due to the U.S.-Israeli conflict with Iran. © Reuters
NEW DELHI — India’s trade deal with Oman, operationalized this month, could offer an alternative and reliable energy gateway outside the Strait of Hormuz as freight movements along the waterway will likely take time to normalize, even as the U.S. and Iran released their interim ceasefire agreement on Wednesday.
