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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
Scam alert: Ships stranded near Hormuz receive fake messa...
By Reuters · 2026-04-21 · via Economy News, Latest Economic News Today | The HinduBusinessLine

Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency ​have been sent to some shipping companies whose vessels are ‌stranded west of the waterway, Greek maritime risk management ​firm MARISKS has warned.

The U.S. has ⁠maintained its blockade of Iranian ports, while Iran has lifted and then re-imposed its blockade of the Strait of Hormuz, ‌through which roughly a fifth of the world’s oil and liquefied natural gas passed before ‌war broke out in the Middle East.

Amid ceasefire ‌talks, ⁠Tehran, which controls the chokepoint, has proposed tolls ⁠on vessels to safely transit.

MARISKS on Monday issued an alert warning shipowners that unknown actors, claiming to represent Iranian authorities, ​had sent some shipping companies ‌a message demanding transit fees in cryptocurrencies, Bitcoin or Tether, for “clearance”.

“These specific messages are a scam,” the firm said, adding the message was not sent ‌by Iranian authorities.

There was no immediate comment from ​Tehran.

Hundreds of ships and about 20,000 seafarers remain stranded in the Gulf.

On April 18, ⁠when Iran briefly opened the strait subject to checks, ships tried to pass but at least two of ‌them, including a tanker, reported that Iranian boats had fired shots at them, forcing the vessels to turn around.

MARISKS said that it believed that at least one of the vessels, which tried to exit the strait on Saturday and was hit by gunfire, ‌was a victim of the fraud.

Reuters was not able to ​verify the information or track companies that had received the message.

“After providing the documents ⁠and assessing your eligibility by the Iranian Security Services, we ⁠will be able to determine the fee to be paid in cryptocurrency (BTC or USDT). Only then ‌will your vessel be able to transit the strait unimpeded at the pre-agreed time,” said the ​message cited by MARISKS.

Published on April 21, 2026