
Mar 26: Middle East conflict - LPG trade to India is caught in the crosshairs.
US–Iran deal: Progress… but not quite lasting peace
After nearly 100 days of conflict, the US and Iran agreed on an interim deal. The framework includes removing the blockade of the Strait of Hormuz (by Iran and the US) within 30 days of agreement signing in Switzerland (19 June), and 60 days to pave the way for detailed negotiations toward the final peace agreement.
11 May 2026: Hormuz LNG breakthrough: Four LNGCs eye the exit
On 11 May, Al Kharaitiyat broke through Hormuz, heading for Port Qasim — the first Qatari LNGC to test supply resumption. The Q-flex LNGC loaded the cargo at Qatar’s Ras Laffan, igniting the discussions over supply resumption through the Strait of Hormuz.
16 Mar 2026: Caught in crossfire: India faces LPG supply crunch
The escalated armed conflict in the Middle East has sent ripples across global energy markets, but few countries are as exposed as India. As one of the world’s largest importers of LPG, the country now faces a critical supply gap, following the ‘technical’ closure of the Strait of Hormuz.
13 Mar 2026: LNGC loadings down in Qatar post force majeure, as the conflict continues
Drewry AIS shows Qatar loaded only 7 LNGCs in week 10 (ending 6 March) due to heightened tensions in the Middle East following the closure of the Strait of Hormuz.
Drewry AIS showcases several VLGCs that reached or were idling in the Gulf of Oman have altered course towards the USGC as buyers scramble to procure alternative cargoes for the disrupted Middle Eastern LPG supplies.
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