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Story summary
- The Iran-U.S. war has driven a surge in oil prices, with Brent crude at $114 per barrel, up 23% since March 6, 2026.
- The conflict has disrupted traffic through the Strait of Hormuz.
- Iran has attacked ships in the area.
- India imports over 80% of its crude oil.
- India has storage capacity of 100 million barrels, enough for 40–45 days without new shipments.
