Indian LNG Carrier Exits War Zone After Peace Deal

The Indian liquefied natural gas (LNG) carrier, Disha, completed a safe transit of the Strait of Hormuz on Monday. This event is notable as it is the first Indian-flagged LNG vessel to exit the conflict-hit region in more than three months. The successful passage occurred approximately one day after US President Donald Trump announced a completed peace deal with Iran. The agreement is scheduled for signing on June 19 in Switzerland, with Pakistan acting as mediator. The Disha, managed by a consortium led by the Shipping Corporation of India, is transporting 62,370 metric tonnes of LNG. The vessel had been stranded in the Strait of Hormuz since March until Washington and Tehran agreed to reopen the vital waterway. This waterway is crucial for global oil supplies, accounting for about a fifth of its transport. Attention is now on other vessels waiting to cross. International shipping groups, including those from Japan and Germany, have expressed cautious optimism while awaiting further details of the agreement. They emphasized the need for confirmed safety before resuming full operations.