Two Indian oil tankers pass through the Strait of Hormuz, Hyperliquid crude oil price briefly breaks below $100

MarsBitNews · 2026-03-15T04:28:48+00:00

Two Indian liquefied petroleum gas vessels successfully passed through the Strait of Hormuz, transporting 92,700 tons of cargo back to the country. This move resulted from high-level diplomatic negotiations with Iran, the United States, and the GCC. Analysis indicates that China and India account for over 52% of the strait's oil transit volume, with expectations that strait traffic will recover. The news prompted crude oil futures prices to decline to $98.1 per barrel.

MarsBitNews

2026-03-15 04:28:48

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Mars Finance reports that on March 15, multiple foreign media outlets announced that two liquefied petroleum gas ships from India, “Shivalik” and “Nanda Devi,” successfully crossed the Strait of Hormuz, carrying 92,700 tons of cargo back to the mainland. This move was the result of high-level diplomatic negotiations between India, Iran, the United States, and the Gulf Cooperation Council, avoiding the risk of U.S. military escort. Analysis indicates that China and India account for over 52% of all oil passing through the Strait of Hormuz normally. If Tehran allows its two major clients to pass safely, more than half of the Strait’s regular traffic could resume overnight. Additionally, with Saudi Arabia’s east-west oil pipelines, which can bypass the Strait of Hormuz and transport 7 million barrels of crude oil daily. Following this news, crude oil futures on Hyperliquid fell below $100 in early trading, currently at $98.1.

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