Event
Energy
Closure of Hormuz Strait impacts global LPG logistics
2 sourcesPublished · Updated
The closure of the Hormuz Strait due to the Middle East conflict has forced major liquefied petroleum gas (LPG) importers, including India, to reassess their logistics routes and energy policies. This has led to a shift to new, longer routes, resulting in increased costs for importers.
Key facts
- Closure of Hormuz occurred due to Middle East conflict
- India sourced 90% of its LPG imports from the Middle East
- Importers are reassessing logistics chains
- Increased costs for LPG importers
Hormuz Strait · India · USA · Middle East
Sources2
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