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Bangladesh gets Iran’s waiver in Hormuz Strait

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NEW DELHI: Amid the ongoing war with the US and Israel, Iran on Wednesday said it was extending a waiver from attacks to Bangladeshi oil and LNG vessels passing through the Strait of Hormuz, as Dhaka is scrambling desperately to stabilise its economy against the demand for fuel.

According to reports, the Bangladeshi vessels are mandated to inform the Iranian authorities and identify themselves as such before they enter the strategic waterway that has practically been closed down by Iranian war machinery. The identification is to ensure safe and secure passage.

Iran agreed to let the Bangladeshi tankers pass through the Strait of Hormuz in view of Dhaka’s efforts to bring stability back home and to take care of the critical need for fuel and gas.

Media reports suggested that a shipment of 27,000 tonnes of diesel recently arrived at Chattogram port, with four more vessels on their way. Bangladesh’s Ministry for Power and Energy, reports said, was successful in securing the supply of another 3 lakh tonnes of diesel from other sources.

Meanwhile, China continues to profit from Iranian oil as Tehran has sent close to 12 million barrels of crude to Beijing through the otherwise blockaded Strait of Hormuz since Feb 28, when the war began.

CNBC quoted Samir Madani, co-founder of TankerTrackers, as giving this information. The firm monitors the movement of vessels and tankers using satellite imagery, which enables it to capture the movement of vessels that have switched off their tracking systems.

Agencies

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