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	<title>economic impact India &#8211; The Milli Chronicle</title>
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		<title>Trump Says Strait of Hormuz to Reopen Soon as Global Energy Disruption Persists</title>
		<link>https://millichronicle.com/2026/04/65024.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Sat, 11 Apr 2026 06:05:08 +0000</pubDate>
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					<description><![CDATA[Washington— U.S. President Donald Trump said on Friday that the United States expects to reopen the Strait of Hormuz “fairly]]></description>
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<p><strong>Washington</strong>— U.S. President Donald Trump said on Friday that the United States expects to reopen the Strait of Hormuz “fairly soon,” as efforts intensify to restore shipping through the critical energy corridor following disruptions linked to the ongoing conflict with Iran.</p>



<p>Speaking to reporters, Trump acknowledged the difficulty of the task and provided no operational details but indicated that other countries were prepared to assist. “It won’t be easy, we will have that open fairly soon,” he said, adding that multiple nations reliant on the waterway were offering support.</p>



<p>The Strait of Hormuz, which handles roughly 20 percent of global oil and liquefied natural gas shipments, has seen traffic severely curtailed since Tehran effectively blocked passage following the outbreak of hostilities. The disruption has triggered sharp volatility in global energy markets and raised concerns over supply security.</p>



<p>The conflict escalated after U.S. and Israeli forces launched strikes on Iran on February 28, prompting retaliatory attacks by Tehran on Israel and U.S. military installations in Gulf states. The broader regional confrontation has resulted in significant casualties, mass displacement and sustained pressure on oil prices.Trump has also pressed allies to contribute more actively to securing the waterway. </p>



<p>Following talks with the U.S. president, Mark Rutte urged European governments to provide concrete commitments within days, according to Reuters reporting.A fragile ceasefire announced earlier this week between Washington and Tehran has yet to restore normal shipping flows through the strait.</p>



<p>Separately, the United Kingdom is set to convene another meeting next week involving countries seeking to reestablish safe maritime transit through the strait. The discussions are expected to include senior officials and focus on coordinated diplomatic, economic and potential security measures to ensure passage for commercial vessels.</p>



<p>The meeting follows earlier consultations involving dozens of countries, including foreign ministers and military planners, as governments weigh options ranging from sanctions on Iran to maritime security operations once conditions permit.</p>



<p>British Prime Minister Keir Starmer has said a credible plan is needed to reopen the route and stabilize global trade flows.</p>
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		<title>India scrambles to shield steel sector from deepening LPG crunch</title>
		<link>https://millichronicle.com/2026/03/64080.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Thu, 26 Mar 2026 07:29:51 +0000</pubDate>
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		<category><![CDATA[Strait of Hormuz crisis]]></category>
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					<description><![CDATA[New Delhi — India’s steel ministry has sought intervention from the oil ministry to prevent disruptions to steel production caused]]></description>
										<content:encoded><![CDATA[
<p><strong>New Delhi</strong> — India’s steel ministry has sought intervention from the oil ministry to prevent disruptions to steel production caused by a worsening liquefied petroleum gas (LPG) shortage linked to supply disruptions from the Middle East, a source with direct knowledge said on Thursday.</p>



<p>India, the world’s second-largest crude steel producer, is facing one of its most severe LPG supply crises in decades as shipments from key producers have been affected by the ongoing Iran war, tightening availability of fuel critical for smaller steel units.</p>



<p>“We have taken up with the Ministry of Petroleum and Natural Gas to see within the existing conditions what best can be done,” the source said, adding discussions were ongoing.</p>



<p>Industry participants have warned that prolonged shortages could force production cuts, particularly among small and medium-sized steel producers that rely heavily on LPG.</p>



<p>“If this LPG situation continues, it will not only impact margins but also affect jobs, future investments in value-added steel, and the confidence to commit to long-term contracts, both in India and overseas,” said Vedant Goel, a director at Pune-based Enlight Metals.</p>



<p>India has already invoked emergency measures to prioritise gas supplies for essential sectors after disruptions to liquefied natural gas shipments through the Strait of Hormuz constrained domestic availability.</p>



<p>The supply squeeze has intensified concerns over industrial output stability, as policymakers weigh options to balance energy security with manufacturing demand amid ongoing geopolitical uncertainty.</p>
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