Large volume of Indian crude oil does not come through Strait of Hormuz: Oil Minister
Published in The Hindu Business Line | June 2025
Rohit Chaturvedi, Partner, Transport and Logistics, Government, Infrastructure and Development sector Advisory Services, pointed out that the conflict and the risk of blockade is likely to increase global freight rates significantly, especially for oil and fuel shipments.
The rise may be accounted for by an increase in tanker rates, a surge in insurance premiums, and rerouting via the Cape of Good Hope (adding 10–14 day delays, hence a substantial increase in transport costs). For India, this means rising energy costs, shipping delays, and inflationary pressure, he added.
