Iran allows Indian LPG carriers through Strait of Hormuz
after close1 source ↓written by the desknot a recommendation
- and LNG traffic
- 20% of global oil
Iran has permitted two Indian-flagged LPG carriers to transit the Strait of Hormuz, a critical route for global energy shipments. The Shivalik has crossed under Indian Navy escort, with the Nanda Devi expected to follow soon. This rare exception comes amid Iran's blockade affecting 20% of global oil and LNG traffic, as India seeks to secure energy supplies amid its worst gas shortage in decades.
Not investment advice. For informational purposes only.