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Escalating tensions in the Strait of Hormuz, a key global oil chokepoint, have disrupted energy and commodity supply chains, hitting Asia hardest. India faces risks to LPG supply and economic stability, prompting diversification and domestic output, while the IEA considers releasing strategic reserves.
Click to View MoreThe Strait of Hormuz is vital for India’s energy security. Any conflict disrupting supplies would spike oil prices, widen the current account deficit, raise inflation, and hurt key sectors. India responds by diversifying imports, boosting reserves, securing sea lanes, and advancing INSTC and Chabahar connectivity.
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