Hyderabad, May 3 -- An India-linked liquefied petroleum gas (LPG) tanker has completed the first observed transit through the Strait of Hormuz since a US-led blockade sharply curtailed vessel movement, signalling a limited reopening of a key global energy route.

The Marshall Islands-flagged Sarv Shakti, carrying about 45,000 tonnes of LPG, passed Iran's Larak and Qeshm islands before entering the Gulf of Oman, according to Bloomberg-cited ship-tracking data. The crossing follows weeks of near-zero traffic through the strategic waterway.

Oil revenue losses and evasion

US enforcement targeting sanctioned exports has cost Iran an estimated USD 4.8 billion in oil revenue, according to Axios citing Pentagon figures.

In a separate developme...