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Oil prices continue to fluctuate, with analysts predicting potential increases to $3.85 per gallon, as the Iran war enters its third week and the Strait of Hormuz shutdown continues to constrict global supplies, impacting US oil prices.
37 Indian-flagged ships stranded in Hormuz; Rs100 billion assets exposed to Middle East conflict Khaleej Times
An article questions why no action was taken regarding the Strait of Hormuz, emphasizing its significance as the largest and most recognized risk to international energy systems.
Thirty-eight Indian-flagged ships, carrying crude and LNG with nearly 1,100 seafarers, are stranded in the Persian Gulf due to the West Asia conflict. Three Indian sailors died and one was injured on foreign-flagged vessels in recent attacks off Oman. Shipping authorities are prioritizing seafarer safety and maritime asset security.
27 Indian-flagged ships remain stranded in the Persian Gulf, with one oil tanker reportedly heading to Tanzania. Three cargo ships are in the Gulf of Oman, while 24 are stuck in the Persian Gulf.