The two countries held second round of indirect talks in Switzerland's Geneva, which he described as "more constructive" than the previous round earlier this month.

Mine fears and Iran war disruptions have stalled tanker traffic in the Strait of Hormuz, rattling oil markets and energy supply.

The widening war in Iran has ground tanker traffic through the Strait of Hormuz to a halt and oil prices have soared, highlighting the important role the narrow passageway plays in global energy supply.

The escalating Iran crisis could disrupt 55–65% of India’s LNG imports that pass through the Strait of Hormuz, raising concerns about energy shortages and rising input costs for several industries, according to an analysis by Shriram Asset Management.

Attacks by the U.S. and Israel on Iran, and Iranian missile and drone attacks on neighboring countries, have disrupted oil and gas supplies to the rest of the world — and dealt an energy price

Iran will allow Indian-flagged tankers ​to transit the Strait of Hormuz, a conduit for 40% of the South Asian nation's crude imports, an Indian government source said ‌on Thursday, but an Iranian source outside the country denied any such deal was reached.