Disruptions to liquefied petroleum gas supply routes linked to conflict in the Middle East and congestion around the Strait of Hormuz could prolong India’s current LPG shortage for three to four years, according to a senior government official cited by local media. The uncertainty over seaborne flows also feeds into broader sentiment for crude benchmarks such as Oil – Brent Crude and regional gas proxies like Natural Gas, as Indian demand and import patterns remain at risk of further disruption.
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Over the past month, Oil – Brent Crude has declined about 6.7%, reflecting softer risk premiums despite ongoing geopolitical tensions, while its 1-day technical stance is currently a cautious Hold. Natural Gas has fallen roughly 14.5% in the same period, signaling weaker pricing power even as supply risks persist, and screens on a short-term basis as a Sell signal for traders. Investors can explore more updates, prices, and analysis across global markets at Commodities.