Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards
Square
Latest
Hot
News
Profile

Insider: India's liquefied petroleum gas imports from the United States are expected to surpass 1 million tons in June

CoinNetwork
robot
Abstract generation in progress
CryptoWorld News, citing Reuters, reports that due to India shifting to higher-cost suppliers to make up for supply disruptions in the Middle East, India’s LPG imports from the United States in June are expected to exceed 1 million tons, setting a record high. Before the US-Iran war and the closure of the Strait of Hormuz, 90% of India’s LPG import volume relied on Middle Eastern producing countries, with monthly imports of about 2 million tons. India originally planned to increase its share of U.S. LPG procurement to about 10% to help rebalance trade with the United States. After the Strait’s closure, spot market purchases from the U.S. accelerated noticeably. Insiders say Indian refiners bought an unprecedented amount of LPG at higher premiums, and the government’s top priority is to ensure cooking gas supply is not interrupted. However, partial reopening of parts of the Strait in the coming months is expected to improve LPG supply from the Middle East, which will help reduce prices.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • 2
  • Share
Comment
Add a comment
Add a comment
MirrorBallReflection
· 6h ago
The shift from relying 90% on the Middle East to proactively giving 10% to the United States is happening faster than expected.
View OriginalReply0
GateUser-f85bc167
· 6h ago
With the Strait reopened, Middle Eastern goods are coming back—if prices crash, what are we going to do about the American gas we’ve stockpiled at high prices?
View OriginalReply0
Paper-SculptedOctopusPool
· 6h ago
The 10% target looks modest, but the refinery's premium purchase is really painful, and the livelihood accounts are hard to calculate.
View OriginalReply0
GovernanceMoodboard
· 6h ago
India's skillful energy diversification play, with U.S. LPG doubling directly, is a textbook example of hedging geopolitical risks.
View OriginalReply0

  • Pinned

Sitemap