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Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Global energy markets remain on edge as the U.S. blockade on Iranian ports continues to disrupt shipping through the Strait of Hormuz, a critical chokepoint that normally handles roughly one-fifth of worldwide oil and gas exports. Since the U.S.-Israeli conflict with Iran began on February 28, the strait has been largely closed — yet a growing number of non-Iranian tankers have successfully navigated through, signaling cautious efforts to restore supply chains.
Several Asian nations have managed to move crude shipments through the passage under carefully coordinated arrangements. Vietnam is expecting Iraqi Basra crude aboard the Malta-flagged VLCC Agios Fanourios I, which entered the Gulf on April 15 after an earlier failed attempt. Malaysia secured passage for at least seven linked vessels, including the Liberia-flagged Serifos carrying Saudi and UAE crude, and the Petronas-chartered Ocean Thunder loaded with Iraqi oil.
China has also kept its energy imports moving, with multiple VLCCs chartered by Sinopec's trading arm Unipec passing through in early April, carrying Iraqi and Saudi crude bound for Chinese and Myanmar ports. Beijing confirmed in late March that three Chinese vessels had safely transited the strait through diplomatic coordination.
India has received shipments via several tankers offloading Saudi and Abu Dhabi crude at ports including Mumbai, Paradip, and Sikka. Additionally, multiple LPG tankers carrying approximately 94,000 metric tons of cooking gas completed safe passages for Indian consumers. Pakistan also sent tankers into the Gulf to load crude from the UAE and Kuwait, while Thailand confirmed one of its tankers cleared the strait without paying any blockade fee following direct negotiations with Iran.
Despite the ongoing conflict, these transits highlight how key Asian economies are working through diplomatic and logistical channels to protect their energy security amid one of the most volatile periods in global oil shipping in recent memory.
