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Iran-U.S. MoU boosts energy and fertilizer flow to India, says MEA

On June 17, Iran and United States finalized a 14-point Memorandum of Understanding, enhancing energy and fertilizer shipments to India. MEA spokesperson Randhir Jaiswal noted that since the MoU was signed, eleven vessels have successfully passed through the Strait of Hormuz, including three Indian-flagged crude oil tankers.

BRIC Team
BRIC Team
Jun 23, 2026 · 1 min read · 2 views
Iran-U.S. MoU boosts energy and fertilizer flow to India, says MEA

Key Takeaways

  • On June 17, Iran and the U.S. signed a 14-point MoU that has improved energy and fertilizer shipments to India.
  • Since the MoU, eleven vessels have successfully navigated the Strait of Hormuz bound for India.
  • Three Indian-flagged crude oil tankers are transporting over 285,000 metric tonnes of crude oil each.
  • Ten Indian-flagged vessels remain in the Persian Gulf, with two recently arriving in the region.
  • The safety of Indian ships is a top priority as tensions in the Gulf escalated since February 28.

Recent 14-point Memorandum of Understanding (MoU) signed by Iran and United States on June 17 has boosted flow of energy,fertilizer shipments to India,says Ministry of External Affairs (MEA). At June 23 press briefing in New Delhi,MEA spokesperson Randhir Jaiswal noted that since MoU,eleven vessels bound for India have crossed Strait of Hormuz successfully.

Jaiswal explained vessels included three Indian-flagged crude oil tankers,each carrying over 285,000 metric tonnes of crude oil,plus a foreign-flagged LPG carrier,another foreign-flagged crude oil tanker,and six foreign-flagged bulk carriers with fertilizer. Said shipping developments are encouraging.

Currently,ten Indian-flagged vessels remain in Persian Gulf,two recently arrived. These ships were part of larger group stranded since U.S.-Israel and Iran hostilities began. Jaiswal hopeful remaining vessels will soon transit Strait of Hormuz.

MEA spokesperson highlighted that resuming maritime traffic depends on continued halt in hostilities,which previously caused major disruptions. Safety of Indian ships,crews is top priority for Government of India as Gulf tensions have risen since February 28.

Jaiswal's comments show cautious optimism about normalizing shipping routes vital for India's energy,fertilizer needs. MoU's impact on maritime operations shows how diplomatic moves can stabilize trade flows in region…

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