45-Day Warning: How long before India's oil tanks run dry if Hormuz shuts?
Published on: March 3, 2026, 1:34 p.m. | Source: The Economic Times
Iran-Israel War: India holds substantial oil reserves to manage short-term supply disruptions. However, a prolonged closure of the Strait of Hormuz poses risks. This could lead to immediate price increases and a higher import bill for the nation. Diversification to other suppliers like West Africa, Latin America, and the US offers potential solutions.
