India Rushes to Secure Oil as US-Iran Standoff Escalates Hormuz Strait Risks
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India Secures Oil Amid US-Iran Tensions, Strait of Hormuz Risks
M
Moneycontrol•26-02-2026, 15:04
India Secures Oil Amid US-Iran Tensions, Strait of Hormuz Risks
•India is actively securing oil supplies due to renewed US-Iran tensions and potential disruptions in the Strait of Hormuz, a critical transit route.
•The nation is increasing crude oil purchases from alternative suppliers, deepening term contracts, and utilizing strategic petroleum reserves.
•Around 50% of India's monthly oil imports now pass through the Strait of Hormuz, up from 40% in late 2025, as it shifts from Russian oil to Middle Eastern suppliers.
•India is exploring bypass infrastructure like Saudi Arabia's East-West pipeline and UAE's Abu Dhabi Crude Oil Pipeline to circumvent the Strait.
•A disruption would significantly impact India and global oil markets, driving up Brent prices and increasing India's import costs and pressure on the rupee.