No Result
View All Result
  • Login
Wednesday, August 5, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

India denies cash, crypto payments to Iran for Hormuz passage

by theadvisertimes.com
4 months ago
in Business
Reading Time: 3 mins read
A A
0
India denies cash, crypto payments to Iran for Hormuz passage
Share on FacebookShare on TwitterShare on LInkedIn


India on Wednesday denied making any payments – either in cash or cryptocurrency – to Iran to secure safe passage for its vessels through the Strait of Hormuz amid heightened tensions in the region.

The clarification came after two Indian vessels had to turn back from the Strait of Hormuz after Iranian forces fired upon them as they attempted to cross the crucial waterway on April 18.

Before turning back, the captain of Indian tanker Sanmar Herald, in an audio recording that has surfaced, is heard pleading with Iranian forces to stop firing despite prior clearance to pass the Strait of Hormuz. “This is motor vessel, Sanmar Herald. You gave me clearance to go, my name is second on your list… You are firing now. Let me turn back.” While New Delhi has consistently rejected claims of any financial arrangements with Tehran for ship movement through the critical energy corridors, some reports linked the April 18 incident to a crypto scam.Reports suggest scammers are offering shipowners fake safe passage through the strait in exchange for crypto. At least one ship fell victim to the scam and was fired at while attempting to pass through the waterway, according to Marisk, a maritime risk services company.

Live Events

At a news briefing, Mukesh Mangal, Additional Secretary in the Ministry of Ports, Shipping and Waterways, termed as “fake news” the report of any payment being made for the safe passage of Sanmar Herald.”News is spreading about a reported payment by the captain of the vessel Sanmar Herald in US dollar to persons claiming to represent the Islamic Revolutionary Guard Corps (IRGC) Navy to grant passage, and fell victim to cyber criminals. We spoke with the owner of the vessel, and he confirmed that it is fake news and no such incident had happened,” he said.He said his ministry, in coordination with the Ministry of External Affairs, assesses the situation before asking Indian vessels, stranded in the Persian Gulf since the start of the Iran war, to cross the Strait of Hormuz.

“This unfortunate incident (of Iranian guards firing on Indian ships) happened on April 18. There was firing on two of our vessels, that’s why they had to go back,” he said. “As we have been telling in past also, we do not have any new data, any confirmation on any of our vessels has paid money to any of the authorities for this purpose.”

He termed as “fake news” reports suggesting that Sanmar Herald paid money to some cybercriminals, and that’s why it was fired upon.

“There is no relation (between the firing and the reports),” he said. “This is fake news.”

Chennai-based Sanmar Shipping denied any payment.

“It has come to our attention that there have been reports on social media about Sanmar Shipping’s very large crude carrier, Sanmar Herald, flying the Indian flag, falling prey to a cryptocurrency scam.

“We would like to clarify that these reports are completely false,” it said in a statement.

The shipping line said it is working in close coordination with the relevant agency of the Indian government to ensure the safe passage of Sanmar Herald.

According to shipping monitor TankerTrackers.com, two India-flagged ships, including a supertanker carrying Iraqi crude, were forced to turn back on April 18 after coming under fire.

The disruptions come as scores of commercial vessels and thousands of seafarers remain stranded in the Persian Gulf since the outbreak of the West Asia war on February 28, which has sharply curtailed movement through the Strait of Hormuz.

The Strait of Hormuz handles about a fifth of global oil and liquefied natural gas flows, making it one of the world’s most critical energy arteries. Iran’s ability to disrupt traffic through the narrow passage has emerged as a key lever in the conflict.

The halt in transit has driven up energy prices, triggered supply shortages in parts of the world and forced some countries to ration fuel, underscoring the global impact of the standoff.



Source link

Tags: cashCryptoDeniesHormuzIndiaIranPassagePayments
ShareTweetShare
Previous Post

Apple (AAPL): Zündet die Ternus-KI den Turbo?

Next Post

Only a handful of traders power India’s F&O volumes, highlights Zerodha’s Nithin Kamath

Related Posts

Global Market Today: Asian stocks drop as AI rally pauses, oil dips

Global Market Today: Asian stocks drop as AI rally pauses, oil dips

by theadvisertimes.com
August 5, 2026
0

Asian stocks slipped Thursday after a recent tech-led rally on Wall Street paused. Crude oil edged lower as Iran reached...

SpaceX created a new class of ultrawealthy. Here’s what comes next

SpaceX created a new class of ultrawealthy. Here’s what comes next

by theadvisertimes.com
August 5, 2026
0

At SpaceX’s market debut on June 12, the perfect trade already looked obvious. Shares priced at $135, valuing the company...

SpaceX draws retail investors despite fall in shares post earnings

SpaceX draws retail investors despite fall in shares post earnings

by theadvisertimes.com
August 5, 2026
0

Retail investors flocked to SpaceX shares on Wednesday, buying the dip as the stock fell about 12% following the company’s...

‘Socialism is a disaster’: Bill Ackman says Zohran Mamdani’s bad left-wing housing policy is worsening New York’s affordability crisis

‘Socialism is a disaster’: Bill Ackman says Zohran Mamdani’s bad left-wing housing policy is worsening New York’s affordability crisis

by theadvisertimes.com
August 5, 2026
0

Bill Ackman has a diagnosis for why it’s so expensive to live in New York City, and it isn’t capitalism...

ORLEN acquires 216MW hybrid energy project in Greater Poland

ORLEN acquires 216MW hybrid energy project in Greater Poland

by theadvisertimes.com
August 5, 2026
0

The ORLEN Group has acquired a 216MW hybrid renewable energy project in the municipality of Kazimierz Biskupi in the Greater...

El-Sayed Wins Dem Nomination in Michigan

El-Sayed Wins Dem Nomination in Michigan

by theadvisertimes.com
August 5, 2026
0

In one of the closest battles of the election season, Abdul El-Sayed has won the Democratic Party nomination to contest...

Next Post
Only a handful of traders power India’s F&O volumes, highlights Zerodha’s Nithin Kamath

Only a handful of traders power India’s F&O volumes, highlights Zerodha's Nithin Kamath

How Small Businesses Can Build a Reliable Team Without Increasing Headcount?

How Small Businesses Can Build a Reliable Team Without Increasing Headcount?

  • Trending
  • Comments
  • Latest
SEC pushes private market access, but retail is already in

SEC pushes private market access, but retail is already in

July 16, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

June 21, 2026
The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

July 6, 2026
The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

July 20, 2026
*HOT* Ninja Nutri-Blender Pro with 2 Single-Serve Cups only .99 shipped (Reg. 0!)

*HOT* Ninja Nutri-Blender Pro with 2 Single-Serve Cups only $49.99 shipped (Reg. $110!)

July 4, 2026
Court halts Knesset Finance C’ttee transfers

Court halts Knesset Finance C’ttee transfers

0
Why Isn’t AI Replacing More Workers?

Why Isn’t AI Replacing More Workers?

0
The Property Rights Duality and the Defense of Freedom

The Property Rights Duality and the Defense of Freedom

0
AI Agents Can’t Read Your Pricing. That’s Becoming A Revenue Problem.

AI Agents Can’t Read Your Pricing. That’s Becoming A Revenue Problem.

0
Oracle vs Amazon: Wall Street Strategist Picks the AI Trade’s Winner and Loser

Oracle vs Amazon: Wall Street Strategist Picks the AI Trade’s Winner and Loser

0
Solana Holds Near  As ETF Flows And Ecosystem Pilots Stay In Focus

Solana Holds Near $73 As ETF Flows And Ecosystem Pilots Stay In Focus

0
Global Market Today: Asian stocks drop as AI rally pauses, oil dips

Global Market Today: Asian stocks drop as AI rally pauses, oil dips

August 5, 2026
Global Food Prices Will Soar And Acute Hunger Will Spike Thanks To A Shocking Confluence Of Disastrous Events

Global Food Prices Will Soar And Acute Hunger Will Spike Thanks To A Shocking Confluence Of Disastrous Events

August 5, 2026
AI Agents Can’t Read Your Pricing. That’s Becoming A Revenue Problem.

AI Agents Can’t Read Your Pricing. That’s Becoming A Revenue Problem.

August 5, 2026
SpaceX created a new class of ultrawealthy. Here’s what comes next

SpaceX created a new class of ultrawealthy. Here’s what comes next

August 5, 2026
WTW, SEI partner on private market offerings

WTW, SEI partner on private market offerings

August 5, 2026
Highlights of McKesson’s (MCK) Q1 2027 earnings report

Highlights of McKesson’s (MCK) Q1 2027 earnings report

August 5, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Global Market Today: Asian stocks drop as AI rally pauses, oil dips
  • Global Food Prices Will Soar And Acute Hunger Will Spike Thanks To A Shocking Confluence Of Disastrous Events
  • AI Agents Can’t Read Your Pricing. That’s Becoming A Revenue Problem.
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.