Hormuz
TotalEnergies CEO Patrick Pouyanné said on Monday that a toll would be preferable to a prolonged closure of the Strait of Hormuz, through which 20% of global oil and gas passes. He spoke at a conference in Washington on the sidelines of the IMF and World Bank spring meetings. He warned of supply tensions if the situation lasts beyond three months.
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The government has doubled the daily quota of 5-kg LPG cylinders for migrant workers amid supply disruptions linked to tensions around the Strait of Hormuz. The Ministry of Petroleum and Natural Gas aims to stabilise fuel supplies with this move. Joint Secretary Sujata Sharma announced the decision via a letter dated April 6.
March 20, 2026 11:39