Some Indian refiners, a global energy major plan to avoid Iran-blacklisted ships amid Hormuz risk

Indian refiners and a global energy major will avoid Iran's blacklisted ships. This decision stems from security concerns over vessels crossing the Strait of Hormuz. Iran announced a blacklist of 45 ships for breaking its maritime rules. These actions escalate threats over the vital waterway for global energy supplies. The move impacts oil flows from the Gulf through ship-to-ship transfers.