India-flagged Tanker Jag Vikram Transits Strait of Hormuz Following United States-Iran Ceasefire

Key facts

• The India-flagged Liquefied Petroleum Gas (LPG) tanker Jag Vikram crossed the Strait of Hormuz, marking the first such transit by an Indian vessel since the announcement of a two-week ceasefire between the United States (US) and Iran.
• Jag Vikram is owned by the Mumbai-based Great Eastern Shipping Company and is a mid-sized gas carrier with a deadweight capacity of over 26,000 tonnes.
• India imports approximately 88 per cent of its crude oil, around 50 per cent of its natural gas needs, and nearly 60 per cent of its LPG requirement.
• More than half of India's crude imports, about 40 per cent of gas, and up to 85-90 per cent of LPG shipments originate from Gulf countries and pass through the Strait of Hormuz.
• According to MarineTraffic data, 426 tankers, 34 LPG carriers, and 19 Liquefied Natural Gas (LNG) vessels were effectively stranded in the region during the disruption.
• The Government of India prioritised Compressed Natural Gas (CNG) for transport and piped cooking gas for households while partially restoring supplies to fertiliser plants.