India, March 24 -- The Strait of Hormuz is the central artery of the global energy system. Approximately 20-21 million barrels per day (bpd) of crude oil used to pass through this narrow passage, accounting for nearly one fifth of global petroleum consumption. In addition, close to 25-30 percent of global LNG trade transits the same route.

For emerging economies like India, the implications of a closure at the Strait of Hormuz are immediate and severe. India imports nearly 85 percent of its crude oil requirements, with roughly 40 percent of imports coming from the Middle East. This creates a structural dependency on a single chokepoint. Unlike diversified energy systems, India's supply chain has limited redundancy.

As per International ...