Chinese and Indian firms plan Strait shipments

Reuters has reported that several Chinese and Indian refining companies have sought to reserve ships this week to pass through the Strait of Hormuz and load crude oil from the Basra terminal in Iraq, taking advantage of significant discounts. However, no ships have been booked so far due to the reluctance of shipowners. The reports also indicate a substantial decline in maritime traffic through the Strait of Hormuz, amid rejection by the United States and other regional countries of Iran's requests to impose fees on passing ships. Additionally, Indian authorities have warned about deploying Indian sailors aboard passing vessels. Five ships that transited the strait have been turned back along unsafe routes, reflecting a deterioration in maritime transport conditions in the region.

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