LPG crisis updates LIVE: Oil prices climb as Iranian boats hit two fuel oil tankers
The Hindu
Follow The Hindu LIVE updates to know about the Liquified Petroleum Gas (LPG) shortage in India, crude oil prices due to the Israel-Iran war.
Oil prices climbed on Thursday after Iraqi security officials said Iranian explosive-laden boats had hit two fuel oil tankers amid other global supply disruptions from the U.S.-Israeli war on Iran.
Brent futures rose $5.69, or 6.19%, to $97.67 a barrel at 0118 GMT, and U.S. West Texas Intermediate (WTI) crude was up $5.11, or 5.86%, to $92.36.
Also read: Indian restaurants cut rava dosas, parottas and pizza as LPG shortage spreads
The Centre on Wednesday (March 11, 2026) asked States to ensure protection of LPG supply chain by ramping up security for the infrastructure concerned and personnel. The Union Home Secretary Govind Mohan told chief secretaries and director generals of police (DGPs) of all States to counter “false rumours regarding LPG shortages”, a government source said.
Read: How the U.S.-Israel conflict with Iran is exposing India’s LPG dependence | Data
While several political leaders slammed the government for the crunch, the Congress party demanded a full-fledged discussion in Parliament on the West Asia crisis that has led to energy shortage, saying the people of the country deserve to know the truth.
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