The closure of Strait of Hormuz, which carries nearly 20% world’s oil supply, could push up oil prices for import-dependent India, widening the current account deficit, weakening the rupee, and fuelling inflation
The escalating Iran–US–Israel conflict and potential Strait of Hormuz disruption could directly impact India’s oil imports, petrol prices, inflation, and markets. Here’s a clear breakdown of how long India’s reserves may last and what this crisis means for you.
