Shipping firms halt Gulf cargo bookings after Hormuz flare‑up threatens India’s energy supplies
Shipping lines have frozen new cargo bookings across the Persian Gulf after a fresh flare‑up in the Strait of Hormuz shattered the June cease‑fire. The pause threatens India's energy and LPG supply chain, already relying on West Asian imports for 20‑30% of crude and 90% of cooking gas, and could pressure commodity markets if it drags on.