India secures safe passage for LPG tankers through the shuttered Strait of Hormuz
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Iran latest: Hegseth promises that U.S. military will reopen Strait of Hormuz Wall Street posts three-week losing streak as Iran war batters sentiment RBC: Iran conflict could prolong ‘well into spring’, pushing oil above 2022 highs “This is not 2022”: Strategist explains why this energy shock is different 🧠 Upgrade to AI Insights (South Africa Philippines Nigeria) 🧠 Upgrade to AI Insights India secures safe passage for LPG tankers through the shuttered Strait of Hormuz By Author Simon Mugo Economy Published 03/14/2026, 04:44 AM India secures safe passage for LPG tankers through the shuttered Strait of Hormuz 0 IOC -2.26% SCI -4.71% Investing.com -- Two liquefied petroleum gas tankers have successfully navigated the Strait of Hormuz and are en route to India, signaling a potential breakthrough in the supply crisis caused by the ongoing conflict in the Persian Gulf. Upgrade to InvestingPro for a deeper dive into market-moving news The transit of the vessels, which were granted safe passage following a reported deal between New Delhi and Tehran, provides a critical lifeline to an Indian economy grappling with acute shortages of cooking and industrial fuel. A geopolitical carve-out for energy security The tankers, identified as the Shivalik and Nanda Devi, were chartered by the state-run Indian Oil Corp. (NS:IOC) and are owned by Shipping Corp of India Ltd. (NS:SCI). According to sources familiar with the matter, the ships were allowed to traverse the waterway, which has been effectively shuttered for nearly a fortnight, under a sensitive diplomatic arrangement. Iranian officials and the Indian Ministry of External Affairs have not formally confirmed the agreement. Ship-tracking data indicates the Shivalik has already cleared the strait after loading at Ras Laffan in Qatar. The development is particularly significant for India, the world’s second-largest importer of LPG. The country relies on the Middle East f...
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