India-bound oil tanker Nissos Keros clears Strait of Hormuz amid Iran standoff
Synopsis
Key Takeaways
An oil tanker bound for India has cleared the Strait of Hormuz, according to multiple maritime traffic tracking sites, as the strategic waterway remains at the centre of a deepening global energy crisis. The vessel, Nissos Keros, is carrying petroleum cargo and is expected to arrive at Visakhapatnam on 3 June.
The Voyage
The Nissos Keros, flying under the Marshall Islands flag, departed Sharjah on 21 May and was tracked at 6 am IST on Friday in the Northern Arabian Sea, off India's west coast. The Hyundai-built vessel is 333 metres long, with a capacity of 318,744 tonnes (or 338,648 cubic metres). According to ship registry data, the vessel is owned by Arethusa Shipping Corporation and operated by Kyklades Maritime Corporation.
Iran's IRGC Controlling Transits
Iran's state media reported on Thursday that the Islamic Revolutionary Guards Corps (IRGC) Navy permitted 23 commercial vessels — including oil tankers and container ships — to pass through the Strait in the preceding 24-hour period. According to the Iranian military, 'all transits were conducted following formal coordination with IRGC naval authorities.' It remains unclear whether the vessels were required to pay a fee for passage.
Earlier this month, Iran announced the formation of the Persian Gulf Strait Authority (PGSA), a new agency tasked with regulating maritime traffic through the Strait. The United Nations has declared it illegal to levy fees for passage through international waters, putting Tehran's moves in direct conflict with established maritime law.
US Pressure and Trump's Warning
The United States has demanded that Iran restore free navigation through the Strait, which Tehran has reportedly mined and where it has attacked ships since the US joined Israel in bombing Iran in February. US President Donald Trump on Wednesday stated, 'The Strait is going to be open to everybody.' In a separate and unexpected development, Trump also threatened to strike Oman — situated across the Strait from Iran — if it entered into any arrangement with Tehran to collect transit fees.
Scale of the Crisis
Iran's actions have effectively placed a chokehold on an estimated 20 per cent of the world's oil and gas supply that transits the Strait, triggering a global energy and economic crisis. International Maritime Organisation (IMO) Secretary-General Arsenio Dominguez has said that approximately 1,500 ships are currently trapped in the Persian Gulf. Free navigation through the Strait remains one of the central sticking points in ongoing efforts to negotiate an end to the Iran conflict.
The safe passage of the Nissos Keros offers a measure of relief for India's energy supply chain, but the broader situation in the Strait remains volatile and unresolved.