India was a key participant at a special meeting in Tehran this week on Hormuz Peace Initiative, which seeks stability in one of the world’s busiest and strategically located shipping lanes amid escalating US-Iran tensions.
The initiative, led by Iran to stabilise the Strait of Hormuz, the gateway for a significant amount of global oil supplies, saw participation from key regional players including Oman and India besides Afghanistan and China, officials in the know told ET. Read More…
