Iran has reportedly exempted ships from India, China, Iraq and Qatar from transit restrictions in the Strait of Hormuz, in a major development amid tensions in the region. According to a report by Turkish state media Anadolu, citing an Iranian student media organisation, the exemptions are linked to mutual interests. Tehran is reportedly facilitating the passage of Indian ships to enable Iran to import medicines from India. NDTV's Vishal explains the significance of the development for Indian shipping, trade and global energy supplies.