The Strait of Hormuz, through which 21% of global oil flows, now sees just 12 vessels daily—half its normal capacity. Each ship navigating its 39-kilometer width represents a small victory for global energy stability.

Context & Background Two more tankers carrying liquefied petroleum gas bound for India have exited the Persian Gulf via the Strait of Hormuz, according to Bloomberg Markets data. This movement adds to the trickle of vessels continuing to operate in the region despite escalating geopolitical tensions. The strait, connecting the Persian Gulf with the Gulf of Oman, is the world's most critical chokepoint for energy trade, historically handling an average of 20.7 million barrels per day of oil and petroleum products. India, as the world's third-largest energy importer, depends on Gulf LPG for 40% of its domestic needs, particularly for cooking and heating in rural areas.

“"Every vessel transiting Hormuz today represents not just cargo, but confidence in global energy markets"”

Analysis & Impact The movement of these two specific vessels reveals deeper patterns in global energy logistics. First, it demonstrates that shipping companies are implementing 'window navigation' strategies—scheduling departures during periods of relative calm and coordinating with international naval patrols. Second, the India destination is significant: the country imports approximately 16 million tons of LPG annually, with 65% sourced from the Middle East. A prolonged Hormuz disruption could raise LPG prices in India by **30-40%**, directly impacting 280 million households that depend on the fuel for cooking.

Freight costs for LPG vessels transiting Hormuz have increased 47% since January, reflecting the risk premium insurers are charging. This increase translates directly to end consumers, with retail LPG prices in India already showing an 18% year-over-year increase. The second-order implications are substantial: higher energy costs could pressure Indian inflation, currently at 4.83%, and affect government efforts to subsidize LPG for low-income households.

What to Watch Monitor real-time shipping traffic data: any drop below 10 vessels daily through Hormuz would signal significant escalation. Insurance premiums for vessels operating in the region, currently at 0.25-0.5% of vessel value, are a key thermometer of perceived risk. In India, watch LPG inventories—currently at 2.8 million tons, equivalent to 35 days of consumption—any drop below 25 days would trigger alarms. Finally, diplomatic talks between Iran and Western powers regarding Iran's nuclear program could dramatically alter the region's risk calculus within hours.