Two India-Bound Ships Transit Hormuz Strait Amid Ceasefire

Financial and business outlets focus on Hormuz as a bottleneck for oil, gas, and container trade, with dozens of ships still delayed. Iran’s reported $2 million tolls are framed as an extra cost that could be passed on through higher freight rates and energy prices. Market commentators expect shipowners, insurers, and energy buyers to wait for a clearer pattern of safe transits before fully restoring normal routes.

• •Business media report that over 100 container vessels tied to Philippine trade are stuck around the Strait of Hormuz, disrupting supply chains.
• •Financial outlets say Iran’s toll demands of up to $2 million per ship would sharply raise voyage costs for tankers and container vessels.
• •Market coverage notes that the India-flagged LPG tanker Jag Vikram’s successful transit is seen as a test case for other Indian ships.
• •Financial reporters highlight that Secretary General Dominguez has publicly rejected any tolls on Hormuz, adding legal risk for shipowners who pay.
• •Energy market commentary links the slow recovery of Hormuz traffic to continued uncertainty over oil and LPG delivery schedules to Asia and Europe.