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India Secures 60-Day Oil Supply Amid Trade Risks

4/14/2026

30 4 Full Breakdown

Summary

Story summary

India relies on crude via the Strait of Hormuz, supplying 40–50% of its crude, with Bab el-Mandab risk affecting trade over GBP 245 billion.
A prolonged Hormuz closure could hinder production in sectors.
Disruptions in logistics have caused production delays for small and medium-sized enterprises.
The government has assured a 60-day supply of oil and liquefied petroleum gas.
Fertilizers are secured for farmers until the Kharif season.

History

Historical Context

The 1980 closure of the Strait of Hormuz during the Iran-Iraq War disrupted global oil supplies, affecting economies worldwide, including the U.S., which imported 8 million barrels daily. Today, India relies on this route for 40-50% of its crude, highlighting ongoing vulnerabilities in global trade. The strait remains crucial for energy security, with 20% of the world's oil passing through it annually.

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Story summary

India relies on crude via the Strait of Hormuz, supplying 40–50% of its crude, with Bab el-Mandab risk affecting trade over GBP 245 billion.
A prolonged Hormuz closure could hinder production in sectors.
Disruptions in logistics have caused production delays for small and medium-sized enterprises.
The government has assured a 60-day supply of oil and liquefied petroleum gas.
Fertilizers are secured for farmers until the Kharif season.

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