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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 economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; 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Three Indian tankers re-emerge, pointing to Hormuz traffic uptick
Bloomberg · 2026-06-21 · via Economy News, Latest Economic News Today | The HinduBusinessLine
FILE PHOTO: Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates

FILE PHOTO: Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates | Photo Credit: STRINGER

Three fully laden India-linked super-tankers have re-emerged in the Gulf of Oman, adding to increased observed bi-directional traffic across the northern and southern routes of the Strait of Hormuz even as conflicting narratives over the status of transits persist.

The Desh Vibhor, Desh Vaibhav and Sanmar Herald were observed in the Gulf of Oman and the Arabian Sea on Sunday, after having been last seen signaling their attempt to cross the Strait of Hormuz late Friday, ship-tracking data compiled by Bloomberg News show. 

The supertankers, each signalling Indian ownership or India-bound cargo, carry between them nearly 6 million barrels of Iraqi and Kuwaiti oil.

It couldn’t be immediately determined the routes that these tankers took, but their attempts to sail toward Qeshm island suggest they may have taken a Tehran-approved one.

Shipping Corporation of India, which is listed as the owner and manager of Desh Vibhor and Desh Vaibhav, on database Equasis, didn’t immediately respond to emails seeking comment outside of regular business hours. Neither did Sanmar Shipping Ltd., the operator of Sanmar Herald.

The India-linked very large crude carriers’ journeys are part of a growing tally of tankers that also embarked on crossings in either way through the energy chokepoint. The transits come amid competing narratives from Iran and the US even as the two sides are set to kick off negotiations on a peace deal on Sunday.

Iran proclaimed Hormuz shut on Saturday, saying it was doing so because Israel’s continued attacks in southern Lebanon had violated a ceasefire deal. The US Central Command pushed back against the claim on Saturday, saying traffic had increased with 55 merchant ships — delivering nearly 17 million barrels of oil to global markets — had crossed the strait.

Some tankers were still seen approaching Hormuz late Saturday. Three fully laden crude supertankers were seen sailing, entering the strait on the Omani side, before they stopped signalling.

One is delivering 2 million barrels of Saudi crude to Japan, while the other is lifting 2 million barrels of Qatari crude, with no clear destination. The two VLCCs followed the same route as another carrying a shipment from the United Arab Emirates hours earlier.

In the reverse direction, but also along the Omani coast, three empty tankers openly signaled their locations in the strait, sailing into the Persian Gulf, data show. One was a very large gas carrier that had traveled from Duqum on the Gulf of Oman, before turning off its transponders after last signaling that it was in the Persian Gulf late Saturday.

The other two were crude supertankers that most recently delivered Emirati crude. One of the VLCCs openly signaled its location in one of the anchorages in the Gulf of Oman a few days ago. Some Gulf producers are known to dispatch tankers “dark” through Hormuz so that the cargoes can be transferred onto fresh vessels waiting in those waters without drawing attention to these shipments.

Liquefied natural gas carriers were also observed sailing into the Persian Gulf, with ship-tracking data suggesting they had done so late Friday.

The tankers’ movements along the Omani coast come as a key naval information-sharing group said Saturday that vessels can consider traveling along the southern route with their signals on. 

“Mariners are advised that they may transit the southern route day or night with their AIS on, radars radiating, running lights on, and normal use of VHF,” the Joint Military Information Center said, referring to the automated identification system from transponders, and very high frequency radio communications. 

That contrasted with the American advisory made a few days earlier that vessels should consider sailing along that route without broadcasting their transponder signals. JMIC’s advice also followed an alert by Pakistan late Friday that there was a confirmed mine spotted along the southern route. Pakistan has responsibility for coordinating navigational warnings in the area.

More stories like this are available on bloomberg.com

Published on June 21, 2026