Exclusive: Iran Grants BRICS Ally India Special Access to Strait of Hormuz Oil Amid Global Blockade

Iran has officially denied widespread reports that it granted BRICS partner India exclusive access to oil shipments through the strategically vital Strait of Hormuz, quashing rumors that emerged following high-level diplomatic talks. The clarification comes after unconfirmed claims circulated that India received privileged shipping rights while other nations faced denial, following a meeting between External Affairs Minister S. Jaishankar and Iran's Foreign Minister Abbas Araghchi during escalating regional tensions.

BRICS: Iran Clarifies If It Allowed India To Load Oil From the Strait of Hormuz

Iran denied on Thursday that it allowed BRICS counterpart India oil access from the Strait of Hormuz. The country clarified that the blockade remains for all, with no exception, until the US and Israel back out. Iranian officials confirmed that the speculations are incorrect and no special deal has been signed with India.

The Strait of Hormuz remains the most maritime critical route that carries nearly 20% of the global oil supply. The countries in Asia and the Global South increasingly depend on the route to fulfil their oil requirements. For India, the only hope came after the US allowed it to procure oil from its BRICS counterpart, Russia.

While that satisfies crude oil requirements, India still depends on BRICS member Iran for LPG. The blockade of the Strait of Hormuz is forcing people to limit their cooking essentials, as gas services are limited. The stock is available only for the next two months, and if the war continues, a disaster would brew in the country. The hotel industry is already facing the heat as the government is limiting gas deliveries for restaurants.