Gas Crisis Averted as LNG Supply from Hormuz Hits Record Levels
The gas crisis has been averted as LNG supply from the Hormuz Strait reached record levels. Despite concerns over rising crude oil prices crossing $100 per barrel, the restored flow of oil through Hormuz has helped ease supply issues. However, high diesel costs continue to keep crude oil prices elevated, impacting India's budget and GDP deficit projections.
ABP News·


