India LPG Tankers Transit Strait_of_Hormuz
Analysis based on 6 articles · First reported Mar 20, 2026 · Last updated Mar 21, 2026
The disruptions in the Strait of Hormuz, a vital global energy chokepoint, have stalled crude oil shipments and raised concerns about global oil and liquefied natural gas supplies, potentially leading to higher prices. India is particularly affected, facing a potential cooking gas crunch and actively seeking safe passage for its vessels, while the United States' temporary easing of sanctions on Iranian oil could offer some relief.
Two Indian-flagged liquefied petroleum gas (LPG) tankers, Pine Gas and Jag Vasant, are preparing to sail through the Strait of Hormuz after a pause in voyages. This comes amidst threats from Iran to attack ships attempting to leave the Gulf via the Strait of Hormuz, a critical waterway through which about 20% of global oil and liquefied natural gas flows. Hundreds of vessels have dropped anchor due to these threats, and no crude oil tankers have transited the waterway in the past 24 hours. India, with a fleet of 22 vessels in the Gulf, is actively seeking safe and unhindered movement for its ships, with Prime Minister Narendra Modi engaging in discussions with other leaders. The Jag Vasant is chartered by Bharat Petroleum and the Pine Gas by Indian Oil Corporation. The situation is set against the backdrop of the Israel Defense Forces–Iran conflict and US involvement. In a related development, the United States — Office of Foreign Assets Control, confirmed by Scott Bessent, issued a temporary waiver on sanctions for Iranian crude oil loaded before March 20.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard