How India Is Preparing for A Potential Oil Shock _ Strait of Hormuz _ Vantage on Firstpost _ N18G

How India Is Preparing for A Potential Oil Shock | Strait of Hormuz | Vantage on Firstpost | N18G

As tensions in West Asia escalate following US strikes on Iran, India faces potential disruption to its vital oil supplies. With nearly 40% of its crude imports coming from the region, any closure of the Strait of Hormuz could have significant economic repercussions. Energy Minister Hardeep Singh Puri has assured that India is prepared, citing diversified supply sources and strategic reserves. India has ramped up imports from Russia and the US to mitigate risks. Despite this, the volatile situation poses a serious challenge to India’s energy security and could test its preparedness in the weeks ahead.
As tensions in West Asia escalate following US strikes on Iran, focus is on the potential disruption to oil supplies. Energy Minister Hardeep Singh Puri has assured that India is prepared, citing diversified supply sources and strategic reserves.

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