Hormuz chokehold leaves 1.7 million tonnes of cargo stranded
pre-market1 source ↓written by the desknot a recommendation
- 320,000 tonnes of LPG
- are stranded
- 200,000 tonnes of LNG
- safe
- 611 seafarers
India faces significant supply disruptions as 1.67 million tonnes of crude oil, 320,000 tonnes of LPG, and 200,000 tonnes of LNG are stranded on 22 Indian-flagged vessels in the Strait of Hormuz. The ongoing conflict has left these ships awaiting transit, impacting energy supply chains.
With 611 seafarers safe, the situation raises concerns about potential price volatility in energy markets, particularly as Brent crude oil prices jumped 5% following recent attacks on Iranian facilities. ⚡
Not investment advice. For informational purposes only.