After China and Thailand, Vietnam's LPG ships pass through the Strait of Hormuz.

【Caixin.com】 On April 7, the ultra-large liquefied petroleum gas (LPG) vessel “GLOBAL VIVIAN,” belonging to a Vietnamese shipowner, sailed out of the Persian Gulf through the “safe corridor” in the Strait of Hormuz set by Iran. This is the second Southeast Asian country’s vessels to have transited the strait, after Thailand. Vietnam is facing a very tight supply of refined petroleum products and aviation fuel; it has already used the Price Stabilization Fund to subsidize gasoline, and has also reduced flight capacity. (See Caixin Weekly’s report “The Energy War’s Impact Waves”)

With the U.S.-and-Israel war still ongoing with Iran, and as Iran’s blockade measures on the Strait of Hormuz keep being adjusted back and forth, the strait’s traffic has been recovering with difficulty. However, over the past week, the number of vessels and their tonnage that were able to transit the strait both rose to new highs after the war began.