LPG-carrying ships Shivalik and Nanda Devi crossed the strait Saturday, marking a breakthrough in diplomatic talks between Iran and India. Both ships were escorted by the Indian Navy under 'Operation Sankalp,' launched to ensure the safety of Indian vessels in the Gulf. The world 'Sankalp' roughly translates to vow or determination.
January 2026 showed just how violent this relationship can get: Henry Hub spiked to $30.72/MMBtu on January 23 - a near-tenfold surge - before collapsing to $3.13/MMBtu by February 23. Extreme winter heating demand and supply constraints drove that move - exactly what BOIL is built to capture on the upside, and what devastates holders on the way back down.
MANSFIELD, Conn. (AP) - A freight train derailed Thursday in Connecticut, sending cars carrying flammable liquid propane into the water, though officials say they don't appear to be leaking. Local and state officials said the derailment happened around 9 a.m. in Mansfield, near where Eagleville Lake meets the Willimantic River. The rural town in the eastern part of the state is home to the University of Connecticut.