LPG / NGL
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Iran yet to commit to new US ceasefire talks
Iran yet to commit to new US ceasefire talks
Dubai, 20 April (Argus) — Iran has signaled deep mistrust of the US and is yet to commit to joining potential renewed negotiations in Pakistan. Foreign ministry spokesman Esmail Baghaei today said Tehran is wary of Washington's intentions. "We must be cautious of the enemy's conspiracies," Baghaei said in comments carried by state-news agency IRNA, adding that Iran "cannot forget" recent experiences in which diplomacy was, in his view, undermined. Iranian president Masoud Pezeshkian echoed that stance today, calling for a "rational approach" to the current situation while stressing the need for "utmost vigilance" in dealings with the US, who he said had been displaying contradictory behavior. He said Iran should pursue diplomatic efforts to reduce tensions while continuing to resist external pressure. The remarks come as a two-week ceasefire, brokered by Pakistan and nominally in effect until 22 April, faces growing strain. The US at the weekend said it intercepted and disabled an Iranian-flagged cargo vessel attempting to breach its blockade on Iranian ports. Tehran described this as "armed piracy" and warned of potential retaliation. Oil prices rose today with the prospect of the ceasefire ending. At 11:20 GMT, the Ice front-month June Brent contract was at $95.19/bl, up by $4.81/bl from its settlement on 17 April, when it ended $9.01/bl lower. The weekend episode underscores the central friction point between the two sides: the US blockade of Iranian ports, and Iran's chokehold over commercial transit through the strait of Hormuz. Baghaei today rejected what he described as "unrealistic" US demands, reiterating that key issues — including its missile programme and broader defensive capabilities — are not open for negotiation. But neither side appears to be closing the door entirely. US officials had been preparing for a new round of talks in Pakistan ahead of the ceasefire's expiry, and regional mediators continue to engage both sides, suggesting that diplomatic channels remain active despite the escalation in rhetoric. By Bachar Halabi Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
India-bound tankers pull back from strait of Hormuz
India-bound tankers pull back from strait of Hormuz
Delhi, 20 April (Argus) — Most India-bound crude, LPG and LNG tankers continue to sail away from the strait of Hormuz, and are seeking government direction to move ahead, according to shipping sources, after two India-flagged vessels came under attack attempting to transit the strait on 18 April. A total of eight India-bound crude tankers carrying a total of 13.13mn bl of Mideast Gulf crude, three tankers carrying 115,600t of LPG, and four tankers carrying a total of 297,000t of LNG, along with a few other chemical tankers (See table), are stuck within the region, satellite image from Vortexa show. The volumes on the LPG and LNG tankers are expected to meet over a day's demand. India-bound crude carrier Samnar Herad and bulk carrier Jag Arnav reported a firing incident while transiting the strait of Hormuz, following which they returned to the Persian Gulf, according to the Indian government. New Delhi issued a rare rebuke of Iranian actions and called on Tehran to facilitate free transit by India-bound vessels through the strait. India-flagged crude carrier Desh Garima managed to transit the strait on 18 April and is expected to arrive at Mumbai port on 22 April, the government said in a media note on 19 April. By Rituparna Ghosh India-bound crude tankers in mn bl Vessel Grade Quantity Plata Carrier Arab Light 1.9 Azumasan Arab Light 2.1 Monte Urbasa Arab Light 1.1 Sanmar Herald Basrah Medium and Basrah Heavy 1.8 Minerva Doxa Umm lulu 0.9 Desh Vibhor Kuwait Export 1.2 Desh Vaibhav Basrah Medium and Basrah Heavy 2.1 Omega Trader Basrah Medium and Basrah Heavy 2.0 Source: Vortexa India-bound LPG vessels (t) Vessel Quantity Pacific Star I 19,600 BW Loyalty 48,000 NV Sunshine 48,000 Source: Vortexa India-bound LNG vessels (t) Vessels Quantity Umm Al Amad 88,300 Disha 58,000 Mubaraz 60,000 Al Ghashamiya 90,700 Source: Vortexa Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Strait of Hormuz 'completely open': Update 2
Strait of Hormuz 'completely open': Update 2
Adds new statements by Trump and other details London, 17 April (Argus) — The strait of Hormuz will be "completely open" to commercial vessels for the duration of the US-Iran ceasefire, Iran and the US said on Friday. Iranian foreign minister Seyed Araghchi announced the opening of the strait in a post at 8:45 am ET. US president Donald Trump moments later said the strait was "COMPLETELY OPEN" and ready for passage. A naval blockade the US military began enforcing against vessels entering or leaving Iranian ports earlier this week would remain in full effect until "OUR TRANSACTION WITH IRAN IS 100% COMPLETE", Trump wrote. Ice Brent crude futures fell sharply on the news. The front-month contract was trading at $86.26/bl as of 10:49am ET, down by more than 13pc. Commercial vessels transiting the strait of Hormuz will use a "coordinated route" already announced by Iran, Araghchi said on Friday. The US had previously accused Iran of placing mines in at least some parts of the strait. Trump said that those mines were being removed, with US support. "Iran, with the help of the U.S.A., has removed, or is removing, all sea mines!" Trump said. Trump subsequently said on Friday that Iranian officials had agreed to "never" again close the strait of Hormuz, through which about 20pc of global oil flows. "It will no longer be used as a weapon against the World!" Trump wrote. France was among the Nato members that previously said they were willing to help stabilize the strait of Hormuz once hostilities had de-escalated. Trump said he received a call from Nato on Friday offering assistance, but he said he told them to "STAY AWAY", adding that Nato was "useless when needed". Under the terms of a "deal" Trump described on Friday, the US would "get all Nuclear 'Dust'" remaining in Iran, in an apparent reference to enriched uranium sites that were targeted by a US bombing campaign. Vessel traffic through the strait of Hormuz has been heavily restricted since the war with Iran began on 28 February, even after the US and Iran agreed to a two-week ceasefire that is set to expire on 22 April. The potential reopening of the strait would allow an estimated 120 loaded tankers to depart from the Mideast Gulf and calm markets, IEA executive director Fatih Birol said earlier this week. Just minutes before Trump's post, US Central Command, which oversees Middle East-based US forces, said it had directed a merchant vessel to return to an Iranian port as part of its enforcement of the blockade. US Central Command said that, so far, 19 ships have complied with directions to return to Iran and zero had evaded the blockade. In his announcement of the reopening Friday, Araghchi cited the ceasefire in Lebanon in saying "the passage for all commercial vessels through the strait of Hormuz is declared completely open for the remaining period of ceasefire, on the co-ordinated route as already announced". Trump wrote that the re-opening of the strait was not tied "in any way" to Lebanon. By Chris Knight and Andrey Telegin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Strait of Hormuz 'completely open': Update
Strait of Hormuz 'completely open': Update
Adds Trump statement, other details throughout London, 17 April (Argus) — The strait of Hormuz will be open to commercial vessels for the duration of the US-Iran ceasefire now that a halt to fighting in Lebanon has been agreed, Iranian foreign minister Seyed Araghchi said on Friday. President Donald Trump reaffirmed the opening of the strait in a social media post shortly after Araghchi's announcement, saying it was "COMPLETELY OPEN" and ready for passage. A naval blockade the US military began enforcing against vessels entering or leaving Iranian ports earlier this week would remain in full effect until "OUR TRANSACTION WITH IRAN IS 100% COMPLETE", Trump wrote. Just minutes before Trump's post, US Central Command, which oversees Middle East-based US forces, said it had directed a merchant vessel to return to Iranian port as part of its enforcement of the blockade. US Central Command said so far, 19 ships have complied with directions to return to Iran and zero had evaded the blockade. Ice Brent crude futures fell sharply on the news. The front-month contract was trading at $89.37/bl as of 9:49am ET, down by more than 10pc. Vessel traffic through the strait of Hormuz has been heavily restricted since the war with Iran began on 28 February, even after the US and Iran agreed to a two week-ceasefire that is set to expire on 22 April. The potential reopening of the strait would allow an estimated 120 loaded tankers to depart from the Mideast Gulf and calm markets, IEA executive director Fatih Birol said earlier this week. In his announcement of the reopening Friday, Araghchi cited the ceasefire in Lebanon in saying "the passage for all commercial vessels through strait of Hormuz is declared completely open for the remaining period of ceasefire, on the co-ordinated route as already announced." By Andrey Telegin and Chris Knight Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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