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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
India’s Desh Vibhor in Persian Gulf resumes voyage to Hor...
Bloomberg · 2026-06-22 · via Economy News, Latest Economic News Today | The HinduBusinessLine

An oil supertanker is once again heading from the Persian Gulf towards the Strait of Hormuz after briefly reversing direction.

The Desh Vibhor, which earlier appeared to be sailing towards a southern route that’s recommended by the US military, is now heading in a more northerly direction towards the Iranian coast. The supertanker made a U-turn earlier before turning again back to resume its journey towards the strait, tanker tracking data compiled by Bloomberg show.

The oil market is watching cargo flows through Hormuz closely after Washington and Tehran signed an interim peace deal on Wednesday. Despite the pact, Iran has declared that ships can’t cross the waterway without its permission. 

The ship is run by Shipping Corp. of India. A spokesman for the company didn’t immediately respond to an out-of-hours request for comment.

Two very large crude carriers, the Sanmar Herald and Desh Vaibhav, were in the strait heading in the direction of the Arabian Sea on Friday.

More stories like this are available on bloomberg.com

Published on June 22, 2026