India Denies Tanker Exchange Talks with Iran

India's foreign ministry denied any discussions with Iran regarding an exchange of vessels, contradicting reports about Iran's proposed tanker trade for safe passage of Indian ships through the Strait of Hormuz.

India has refuted claims of engaging in discussions with Iran concerning the exchange of three vessels. This assertion comes from the foreign ministry spokesperson on Tuesday, emphasizing no such negotiations occurred.

On Monday, Reuters cited anonymous sources reporting that Iran proposed the return of three seized tankers in return for ensuring the safe passage of ships either flagged or bound for India through the strategically significant Strait of Hormuz.

This maritime channel is critical for global crude oil trade, where tensions over shipping routes have implications for international relations and economic stability.

(With inputs from agencies.)