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Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine

IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy BALCO deploys AI humanoid agent for real-time training, operations and safety Om Power Transmission IPO subscribed 3.33 times on final day Broker’s call: Anand Rathi Wealth (Neutral) Broker’s call: Paytm (Outperform) Pakistan Stock Exchange plunges 5,000 points after US-Iran talks fail NSE gets MCA approval to launch National Coal Exchange of India Citius TransNet Investment Trust's ₹1,105-cr IPO to open on Apr 17 NSE gets MCA nod for coal exchange entity name Coal stock adequate for 90 days available: Union Coal Minister Kishan Reddy Rupee falls most in two weeks as oil spikes on US move to blockade Iran ports India auctions 46 critical mineral blocks, launches 7th round with 19 more: G Kishan Reddy Dalal Street midday: Sensex, Nifty down nearly 1%, Reliance, Eicher among top laggards, auto, oil Stocks weigh Iranian crude returns to India after seven years as tankers dock at key ports Sensex, Nifty pare early losses but stay in red at noon; Auto, Financials drag India's March palm oil imports fall 19% to three-month low Government bonds slump after US-Iran peace talks falter Failure of US-Iran talks set to weigh on risk assets Monday Failure of US-Iran truce talks: Rupee opens 57 paise weaker RBI criticises banks’ rupee arbitrage trades Crude oil futures rise as US moves to blockade Iranian ports Gold falls on stronger dollar, fading Fed rate-cut hopes Crude oil jumps 7% to above $100 on US’ maritime blockade on Iran Japan’s benchmark bond yield jumps to 29-year high as US-Iran talks collapse How govt policy initiatives to impact shares of EV makers, oil exporters Stock Market Highlights: Sensex ends at 76,776; Nifty 50 down 226 pts (0.94%) at 23,823 Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector Brokers’ ISF explores unified documentation framework to ease compliance burden K-shaped trend emerges in jewellery as premium demand stays resilient Retail investors give recent IPOs a miss due to lack of bumper listing gains
India prepares to send oil tankers through Hormuz for new...
By Bloomberg · 2026-05-20 · via Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine

India is preparing to send vessels through the Strait of Hormuz to load up energy cargoes from suppliers in the Middle East, according to people familiar with the matter, the first time since the Iran conflict began that the country will do so.

The plans are finalized and ships will start attempting to cross the strait once the government gives its final approval, the people said, asking not to be identified because the discussions are private. They didn’t give details on the timing of the shipments or the volumes involved.

State-owned Shipping Corp. of India is ready to go back to the Persian Gulf once it has approval from the Indian Navy and it has business from oil refiners, one of the people said. 

Shipping through Hormuz, which handles roughly a fifth of global oil flows, has been virtually halted since the Iran war began at the end of February, causing major disruptions and price shocks for countries like India, the world’s third-largest crude importer.

It’s unclear whether Iran or the US, which are separately blockading the strait and surrounding waters amid the war, have given India a green light to send ships through the waterway. Their agreement will be critical for the plan to work. 

India’s External Affairs Minister Subrahmanyam Jaishankar met his Iranian counterpart Abbas Araghchi in New Delhi on the sidelines of a BRICS summit last week. 

India wants to continue importing energy from its traditional Middle East oil producers because supplies from alternate sources would take a longer time to reach the country and be costlier, people familiar with the matter said. 

India’s Navy has doubled the number of warships in the region and increased aerial surveillance to monitor the area, the people said. Warships are escorting Indian-flagged ships and vessels headed to India once they safely exit the strait. 

India’s Ministry of Ports, Shipping and Waterways and the Indian Navy didn’t respond to emails seeking further information.

While non-Iranian oil has dribbled out through Hormuz since the war began, the precise conditions allowing those transits have been patchy and unclear. Flows remain at a tiny fraction of their pre-conflict levels.

India’s government recently launched a marine insurance initiative to provide uninterrupted coverage for Indian ships and cargoes operating in high-risk waters, including the Strait of Hormuz.

Although India has stepped up purchases of crude from Russia and other suppliers, it remains heavily reliant on purchases from the Middle East. Russian oil carries the risk of US sanctions as well, although the Trump administration recently issued a new waiver allowing the sale of Russian crude oil and petroleum products already loaded on tankers.

The energy crisis has put a strain on India’s economy. Prime Minister Narendra Modi has urged citizens to save fuel and foreign exchange amid surging oil bills and a plunge in the rupee to a record low. 

More stories like this are available on bloomberg.com

©2026 Bloomberg L.P.

Published on May 20, 2026