Tensions rising between Iran and US: India explores ways to secure crude, LNG supplies
Amidst rising Iran-US tensions and fears of war, India is actively securing its energy supplies. With the Strait of Hormuz, a critical oil transit route, potentially facing closure, New Delhi is exploring alternative pipelines and has diversified imports. While availability isn't the primary concern, a surge in global crude prices remains a significant worry for the nation's import bill.
Amidst rising Iran-US tensions and fears of war, India is actively securing its energy supplies. With the Strait of Hormuz, a critical oil transit route, potentially facing closure, New Delhi is exploring alternative pipelines and has diversified imports. While availability isn't the primary concern, a surge in global crude prices remains a significant worry for the nation's import bill.
