Hormuz Crisis Eases: India's LPG Supply to Resume First

After almost four months of crisis, the situation seems to be normal now. After the US-Iran agreement, preparations have started to reopen the Strait of Hormuz. However, only the opening of the route will not immediately normalize the movement of ships. Many countries of the world, including India, are now waiting to see which cargoes and ships will return to their speed first. It will be interesting to see what will come first, especially in India. Let us tell you that it is a big relief for India that the government and oil companies have decided to bring the supply of LPG first. After the traffic is restored in Hormuz, the ships carrying LPG will be sent to India first. Most of the gas and oil in India is imported from the Gulf countries. During the Hormuz crisis, the supply of LPG was affected the most and its prices have also become expensive across the country. Considering this, Indian Oil has already started working on a large LPG tanker and VLGC in the first week of June.