India, March 2 -- India faces a potential energy crisis as the US and Israel's offensive against Iran threatens to disrupt oil supplies through the Strait of Hormuz.
With 90% of its crude oil imported, India could see a sharp rise in oil prices, impacting its economy.
The conflict also risks affecting India's agricultural exports, particularly basmati rice and tea.
India's energy security has come under intense pressure after the United States (US) and Israel launched a large-scale offensive against Iran on February 28, triggering fears of supply disruptions through the Strait of Hormuz and a renewed surge in global oil prices. For New Delhi, the immediate concern is not direct military spillover but the risk of a sharp energy shock th...
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