Iran-Israel war & US bombings: Will possible Hormuz oil corridor closure impact India? Explained ...Middle East

Amidst US-Iran tensions and potential Strait of Hormuz closure, India, importing 2 million bpd through it, feels secure. Diversified sources like Russia, the US, and Brazil offer alternatives. Gas supplies remain unaffected. While near-term oil prices may surge to $80/barrel, India's strategic reserves and alternative sourcing strategies provide a buffer against disruptions, ensuring energy security despite global volatility.

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