Key Highlights
- Around 90% of India’s LPG, 40% of its LNG and 35% of its crude oil came from the Persian Gulf in 2025; this year, with oil imports from Russia potentially reducing, imports from the Gulf could be expected to be even higher.
- At the moment, the Iranian military has announced that ships should stay clear of the Strait of Hormuz.
- Consequently, shipping through the Strait has more or less stopped and no supplies can be expected to flow out of the Gulf for the time being.
- That said, India and other importing countries would have stockpiles of these commodities to last several weeks, precisely to cater for such exigencies.
- As long as the blockade is not a prolonged one, there should not be any immediate problem for consumers.
