<p class="MsoNormal"><span style="font-size:14.0pt;line-height:115%;font-family:

&quot;Times New Roman&quot;,serif">In a major relief for India’s domestic energy sector,

two high-capacity <b>LPG tankers</b> carrying vital cooking fuel have

successfully transited the <b>Strait of Hormuz</b>. The transit was achieved

despite extreme geopolitical volatility and heightened conflict in the West

Asia region.<o:p></o:p></span></p>

<p class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif">Critical Energy Security Milestone<o:p></o:p></span></b></p>

<ul style="margin-top:0cm" type="disc">

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">The

Transit</span></b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif">: The vessels moved through the

world’s most sensitive maritime chokepoint under "heightened security

monitoring." The Strait of Hormuz is responsible for nearly 20% of

global oil and gas trade.<o:p></o:p></span></li>

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Domestic

Impact</span></b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif">: These shipments are essential for

maintaining India's <b>domestic cooking fuel (LPG)</b> reserves. Any

blockage in this corridor directly impacts millions of Indian households.<o:p></o:p></span></li>

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Regional

Logistics</span></b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif">: India remains one of the largest

buyers of Gulf-produced LPG, alongside China, Japan, and South Korea,

making this successful passage a significant victory for regional energy

stability.<o:p></o:p></span></li>

</ul>

<p class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif">Economic &amp; Maritime Pressures<o:p></o:p></span></b></p>

<ul style="margin-top:0cm" type="disc">

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Rising

Costs</span></b><span style="font-size:14.0pt;line-height:115%;font-family:

&quot;Times New Roman&quot;,serif">: While the ships arrived safely, industry

sources warn that <b>war-risk insurance premiums</b> and freight costs

have surged significantly due to the ongoing conflict.<o:p></o:p></span></li>

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Vigilant

Operations</span></b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif">: Global shipping majors have

intensified real-time route monitoring and enhanced security protocols for

all tankers operating in the Persian Gulf and Arabian Sea.<o:p></o:p></span></li>

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Contingency

Planning</span></b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif">: Indian energy companies and

refiners are reportedly evaluating alternative sourcing strategies and

inventory management to mitigate the risk of future escalations.</span></li></ul>