BusinessOpening of Strait of Hormuz Could Double Benefits for India
The reopening of the Strait of Hormuz could bring double benefits to India by easing the import of oil and gas. Currently, high shipping and insurance costs increase expenses for oil companies. With the strait open, oil imports from the Gulf could become easier, reducing freight and insurance costs. Additionally, LNG imports from Qatar could also increase, providing relief in oil, gas, and transportation sectors simultaneously.
News18Hi Business·1h ago

