The Strait of Hormuz, an important route for global energy supplies, has become a center of tension in recent times. It is being told that many consignments of crude oil have been stopped in the last 24 hours, but two Indian flag LPG tankers Pine Gas and Jag Vasant are preparing to pass through this route soon. Reuters gave this information.
status of tankers
According to shipping data and trade sources, both ships are sending signals for travel and are preparing for the journey. A trade source said that these tankers could possibly depart on Saturday, although this has not been officially confirmed yet.
Tension in Hormuz and global impact
Iran has warned that ships passing through the Gulf could be targeted. About 20 percent of global oil and LNG is supplied through the Strait of Hormuz. No crude oil tanker passed through this route in the last 24 hours. Additionally, on March 18, an empty crude tanker carrying US sanctions returned to Iranian waters.
India’s response
India’s Ministry of External Affairs has adopted a cautious approach for the safe movement of its ships. Ministry spokesperson Randhir Jaiswal said that India wants safe and uninterrupted movement of its 22 ships. He also told that Prime Minister Narendra Modi is in touch with global leaders.
Information about operation of tankers
Jag Vasant is chartered by BPCL, while Pine Gas is operated by IOC. Both companies did not give any comment on this matter. Last week, Iran allowed two Indian LPG tankers to pass through Hormuz, indicating that the movement of some consignments could be decided on a case-by-case basis.
Recent Shipping Activity
Recent ship-tracking data showed that an oil tanker headed to Pakistan successfully passed through this route, showing that limited shipping is still continuing, even as Iran’s conflict with the US and Israel continues.
further prospects
The voyage of these two Indian tankers is being closely watched as it may indicate when commercial shipping through the Strait of Hormuz may resume normally.
