By Admin 
Iran War LPG Supply India: After the ceasefire, Iran has made an important announcement regarding maritime trade. Iran has now completely opened the Strait of Hormuz for all commercial ships. India has heaved a sigh of relief with this decision of Iran. Due to the beginning of the war, the crisis of supply of LPG gas and petroleum products had started in India, but now this crisis seems to be averted.
Iran’s Foreign Minister Abbas Araghchi informed on social media platform ‘X’ that as long as the ceasefire is in force, all commercial ships will be able to pass through this route safely without any hindrance. Iran has taken this decision after the recently declared 10-day ceasefire in Lebanon. US President Donald Trump has welcomed and thanked Iran for this decision.
Hormuz is one of the most important sea routes in the world. A large part of global oil trade passes through this route. This step of Iran is expected to provide great relief to international trade and oil supply chain. This will strengthen global trade.
What will be the impact on India?
The opening of Hormuz is a big relief news for India. India imports about 88 percent of its crude oil needs and a large part of it comes via Hormuz. Now oil tankers from Gulf countries Saudi Arabia, Iraq and UAE will be able to reach Indian ports directly.
According to latest reports, after months of tension and blockade, movement of ships is now starting through this route. Today news has come that three Iranian tankers carrying 5 million barrels of oil have left via Hormuz, which is a sign of reactivation of the supply chain. This may provide relief to the prices of petrol and diesel in the domestic market.
Tension on LPG ends
Let us tell you that more than half of India’s supply of LPG i.e. cooking gas used to come via Hormuz, which fell to half during the crisis. With the opening of the route, the shortage of gas coming from Qatar and UAE will be removed, which is expected to provide relief from the shortage and high prices of LPG in the country.
What is the latest situation on Hormuz?
According to reports, a total of 15 to 16 Indian ships were stranded in Hormuz. These mainly included LPG and crude oil tankers. Recently ships like ‘Jag Vikram’, ‘Green Salvi’ and ‘Green Asha’ have safely transited Hormuz. There are still some ships en route, whose safety is being monitored by the Indian Navy.
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Market boomed due to Trump’s ‘Thank You’ post, huge fall of 10% in crude oil prices as soon as Hormuz opened.