India initiates first direct crude and LPG loading from Gulf producers west of the Strait of Hormuz in 80 days despite ongoing blockade.
India has begun sending empty tankers into the Strait of Hormuz to load crude oil and LPG directly from Gulf producers, marking its first such move since the Iran conflict escalated. The Strait has been nearly inaccessible for 80 days due to blockades by Iran and the U.S., though some shipments have reportedly passed through with tacit approval from both sides.
The initiative aims to secure energy supplies amid persistent disruptions in the critical chokepoint, which handles about one-fifth of global oil trade. Prior attempts to bypass the blockade have been limited, with most shipments rerouted or delayed. The move underscores India’s efforts to mitigate supply risks as regional tensions persist.
No immediate market reaction was reported, though analysts suggest the strategy could ease pressure on global oil prices if successful.