IRAN-ISRAEL CONFLICTOnmanorama Explains | Oil stock not India's worry but price & supply disruption as Iran blocks Strait of Hormuz

Key Highlights

• Various reports quoted officials as saying that India has enough stock reserves which can last up to 74 days to meet demands during crisis.
• Officials have told media that Indian refineries put together hold anywhere between 10-15 days of crude inventories, in tanks and transit.
• Fuel requirements for another 7-10 days in the country can be easily met, an official told PTI.
• India wouldn't want the conflict to continue longer for other reasons.
• Almost 50% of India's crude oil and 60% of LNG arrive through the Strait of Hormuz.