Hormuz Closure Cuts India's Crude by 20%, LNG by 16%
S&P Global reports that the closure of the Strait of Hormuz has disrupted India's energy supplies, reducing crude oil imports by 20% and liquefied natural gas (LNG) shipments by 16%. This disruption poses challenges to India's economic resilience and energy security, highlighting the strategic importance of the Hormuz Strait for India's energy imports.
ET Energy·4h ago




