India is negotiating with Iran to secure safe passage for up to 30 Indian-flagged vessels through the Strait of Hormuz. The initiative includes plans for naval escorts and evacuation measures. A significant portion of this fleet, at least 22 ships, is transporting energy cargoes, specifically three liquefied natural gas carriers, 11 liquid petroleum gas carriers, and eight crude oil tankers.

Recent Transit and Diplomatic Efforts

This follows the recent transit of the Strait by two gas carriers, the Shivalik and Nanda Devi, which are destined to discharge in India. Diplomatic engagement is underway, with reports indicating that talks with Iran have yielded some initial positive results regarding the safe passage of these vessels.

Impact on Trade and Security Concerns

The broader regional conflict is causing significant disruptions to maritime trade. Authorities note operational uncertainties, including rerouted vessels, increased transit times, higher freight rates, and logistical challenges for Indian exports. The security risks were starkly highlighted by a March 11 drone attack on the Safesea Vishnu off the coast of Iraq, which resulted in the death of an Indian seafarer.

Regional Context

In a related development, Bangladesh has also reportedly approached Iran seeking safe passage for its vessels carrying oil, gas, and product imports through the strategic Strait of Hormuz.