
US-Iran tensions have triggered a naval blockade near Iranian ports, causing global crude oil prices to surge 50%. India, dependent on the region for 40% of gas and 85-90% of LPG imports, faces supply shortages. The government prioritized domestic LPG household supplies over commercial users. Domestic cylinder prices remained steady after a March increase, while commercial rates rose twice. An Indian LPG carrier successfully crossed the Strait of Hormuz carrying 20,400 tonnes.