The oiliness of Strait solutions

India’s import of energy often faces price, supply and exchange rate shocks. The latest crisis—Iran’s threat of blocking the traffic through the Strait of Hormuz in retaliation for the latest US trade and financial sector sanctions—has led to the possibility of crude oil supply disruption for India. FE examines the issue. How much of crude oil supplies to India pass through the Strait of Hormuz? Roughly half of India’s 164 million tonnes of crude oil imports pass through the Strait of Hormuz.

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