No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, June 3, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

India denies cash, crypto payments to Iran for Hormuz passage

by TheAdviserMagazine
1 month ago
in Business
Reading Time: 3 mins read
A A
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

edit post
Willis Towers Watson buys digital asset insurance platform Redefind

Willis Towers Watson buys digital asset insurance platform Redefind

by TheAdviserMagazine
June 3, 2026
0

Willis Towers Watson (WTW) has acquired Redefind, a web-based platform offering insurance products for cryptocurrency and digital assets, as the...

edit post
Vodafone Idea shares rally 7% to fresh 52-week high despite market crash. What’s behind the surge?

Vodafone Idea shares rally 7% to fresh 52-week high despite market crash. What’s behind the surge?

by TheAdviserMagazine
June 3, 2026
0

The shares of Vodafone Idea sharply surged nearly 7% to a new 52-week high of Rs 15.09 apiece on the...

edit post
OECD sees just 3.3% growth in Israel this year

OECD sees just 3.3% growth in Israel this year

by TheAdviserMagazine
June 3, 2026
0

In its latest Economic Outlook released today, the OECD updates its growth and fiscal deficit forecasts for Israel in...

edit post
The Pope chose this atheist Anthropic cofounder to sit beside him and talk about the danger of AI

The Pope chose this atheist Anthropic cofounder to sit beside him and talk about the danger of AI

by TheAdviserMagazine
June 3, 2026
0

Sitting alongside Pope Leo XIV as he delivered his first encyclical on the dangers of AI was a curious speaker:...

edit post
Did Anand Rathi Wealth shares really crash 50% in one day? Here’s how the 1:1 bonus math works

Did Anand Rathi Wealth shares really crash 50% in one day? Here’s how the 1:1 bonus math works

by TheAdviserMagazine
June 3, 2026
0

Shares of Anand Rathi Wealth turned ex-bonus on Wednesday and adjusted for the company's 1:1 bonus issue, making the stock...

edit post
U.S. weighs 10% tariff on 60 economies over forced labor trade (SP500:)

U.S. weighs 10% tariff on 60 economies over forced labor trade (SP500:)

by TheAdviserMagazine
June 3, 2026
0

Jun 03, 2026, 12:11 AM ETS&P 500 Index (SP500)QQQ, SPY, DIA, IVV, RSP, SH, DOG, SSO, DDM, DXD, QID, SDS,...

Next Post
edit 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

edit post
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
edit post
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

May 19, 2026
edit post
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
It’s Time To Talk About Massie

It’s Time To Talk About Massie

May 23, 2026
edit post
Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

May 3, 2026
edit post
Red Snapper Used as Cudgel by Fed Judge

Red Snapper Used as Cudgel by Fed Judge

May 31, 2026
edit post
What is Driving Innovation in the Advanced Space Composites Market?

What is Driving Innovation in the Advanced Space Composites Market?

0
edit post
RIAs, IBDs gobbling up advisors face a new challenge

RIAs, IBDs gobbling up advisors face a new challenge

0
edit post
OECD sees just 3.3% growth in Israel this year

OECD sees just 3.3% growth in Israel this year

0
edit post
The Ultimate Guide to Buying Off-Market Properties (As a Complete Beginner)

The Ultimate Guide to Buying Off-Market Properties (As a Complete Beginner)

0
edit post
Willis Towers Watson buys digital asset insurance platform Redefind

Willis Towers Watson buys digital asset insurance platform Redefind

0
edit post
Commodity Markets Are Living on Borrowed Time

Commodity Markets Are Living on Borrowed Time

0
edit post
Willis Towers Watson buys digital asset insurance platform Redefind

Willis Towers Watson buys digital asset insurance platform Redefind

June 3, 2026
edit post
The Ultimate Guide to Buying Off-Market Properties (As a Complete Beginner)

The Ultimate Guide to Buying Off-Market Properties (As a Complete Beginner)

June 3, 2026
edit post
CoinShares Bull Case Sees Ethereum Hitting ,135 By 2031

CoinShares Bull Case Sees Ethereum Hitting $14,135 By 2031

June 3, 2026
edit post
The world’s most advanced chips, from iPhones to AI supercomputers, depend on machines so complex that only one company has ever mastered them: ASML, in the Dutch town of Veldhoven. Without its EUV lithography systems, the leading edge of computing would grind to a halt.

The world’s most advanced chips, from iPhones to AI supercomputers, depend on machines so complex that only one company has ever mastered them: ASML, in the Dutch town of Veldhoven. Without its EUV lithography systems, the leading edge of computing would grind to a halt.

June 3, 2026
edit post
What is Driving Innovation in the Advanced Space Composites Market?

What is Driving Innovation in the Advanced Space Composites Market?

June 3, 2026
edit post
Vodafone Idea shares rally 7% to fresh 52-week high despite market crash. What’s behind the surge?

Vodafone Idea shares rally 7% to fresh 52-week high despite market crash. What’s behind the surge?

June 3, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Willis Towers Watson buys digital asset insurance platform Redefind
  • The Ultimate Guide to Buying Off-Market Properties (As a Complete Beginner)
  • CoinShares Bull Case Sees Ethereum Hitting $14,135 By 2031
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About 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
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

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