Middle East tensions impact LPG supply and pricing
after close1 source ↓written by the desknot a recommendation
- of the world's
- 20%
- of its crude
- 85%
The ongoing US–Iran conflict is straining global energy supply routes, particularly through the Strait of Hormuz, which carries nearly 20% of the world's oil. With India relying on 85% of its crude imports, disruptions may lead to increased LPG prices and volatility in energy markets. Traders should monitor these geopolitical developments closely.
Not investment advice. For informational purposes only.