India has urged for safe and unimpeded transit passage of merchant vessels through the Strait of Hormuz, amid the global energy crisis caused by the waterway's closure. External Affairs Minister S Jaishankar represented India at a meeting convened by Japan, where he emphasized the country's commitment to safe maritime shipping.
Jaishankar stated that attacks on merchant shipping are completely unacceptable and that India will work with like-minded partners to develop supply chain resilience. The meeting saw Japan unveil a new initiative called Partnership On Wide Energy and Resources Resilience (POWERR) Asia, which aims to provide financial cooperation to Asian countries hit by fuel supply shortages and supply chain disruptions.
The initiative, which will provide financial support totaling about $10 billion, will be used to strengthen energy supply systems, diversify energy sources, and secure the safety of sea lanes. Japan's Prime Minister Sanae Takaichi emphasized the need for Asian countries to work together to respond to the shared challenge of energy supply disruptions.
India has also emphasized the importance of keeping the Strait of Hormuz open, safe, and secure, with Prime Minister Narendra Modi having discussed the issue with US President Donald Trump. The country is currently working with several countries to ensure the safe transit of its vessels through the waterway.
