Rs 10,000-Crore Assets At Risk: Indian Shipowners Seek Safe Passage Through Strait Of Hormuz
After the Iranian Revolutionary Guards declared the vital Strait of Hormuz closed and threatened to set ablaze any ship that tried to pass through it, shipowners have written to the Ministry of Ports, Shipping and Waterways, urging the government to secure the flow of Indian vessels. Nearly 20% of global oil and gas exports flow…