Explained: Inside India's strategic oil reserves, and how Hormuz is affecting the math
India, May 18 -- America's raging war on Iran has triggered anxious discussions in India over its energy security, especially after Prime Minister Narendra Modi called for fuel-saving measures and later spoke about a global "decade of disasters".
The concern stems largely from disruptions around the Strait of Hormuz, a narrow but strategically crucial shipping route through which nearly 30 per cent of India's crude oil imports pass. India sources crude oil from around 40 countries and has diversified its suppliers over the years. Still, as the world's third-largest energy consumer and most populous nation, India remains heavily dependent on imports for nearly 90 per cent of its oil needs, leaving it vulnerable to disruptions in global su...
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