India has engaged in frantic diplomacy with Iran in recent weeks over the safe passage of LPG and crude tankers from the Middle East.
Traffic through the chokepoint is now at a trickle, and under threat of attacks by Iran’s Islamic Revolutionary Guard Corps and the U.S. blockade of Iranian ports.
India said this week that 10 tankers, mainly carrying LPG, have arrived in India since the war started, a fraction of the usual number. Before the war, an average of 50 LPG tankers and 55 crude oil tankers transited Hormuz to reach India each month, according to commodities data firm Kpler.
India has also received three shipments of crude oil from Iran, according to a local Iranian diplomatic mission—the first such transfers in years after sanctions suffocated trade between the two countries.