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Hormuz Closure Raises Oil Concerns for India
- Location: India
Amid escalating Iran-US tensions and Tehran’s move to block the Strait of Hormuz, concerns grow over India’s energy security. Reports suggest India holds 17–18 days of crude oil reserves and just 10–12 days of LNG, with nearly 90% sourced from Gulf nations. Brent crude has surged while gas prices spike globally. With supply routes under threat and regional conflict intensifying, India may increasingly turn to Russian oil to manage potential shortages.
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