New Delhi, March 5 -- Escalating tensions due to the West-Asia conflict involving Iran have heightened risks to global energy supply chains, particularly around the strategic Strait of Hormuz, raising concerns for major Asian importers, including India, according to a report by Goldman Sachs.

The report said roughly one-fifth of the world's oil and a significant share of liquefied natural gas (LNG) shipments normally pass through the strait, making the region critical for countries dependent on energy imports.

It warned that tanker traffic through the strait has already shown signs of disruption, with shipping firms, oil producers and insurers adopting a cautious approach following reports of damaged vessels in the region.

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