India's Oil Supply Options Amidst West Asia Conflict

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West Asia Conflict: India's Oil Supply Options Amid Strait of Hormuz Disruption

Iran's Islamic Revolutionary Guard Corps has stated that the Strait of Hormuz is closed exclusively to vessels from the United States, Israel, Europe and their Western allies.

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Moneycontrol•06-03-2026, 13:59

West Asia Conflict: India's Oil Supply Options Amid Strait of Hormuz Disruption

•Intensifying West Asia conflict threatens Strait of Hormuz, a vital artery for global oil shipments.
•Nearly half of India's crude oil imports (2.5-2.7 mbpd) pass through the Strait, mainly from Iraq, Saudi Arabia, UAE, Kuwait.
•Alternatives include Russian crude (US sanctions complicate), US/Latin American supplies (longer voyages, higher costs), and West African oil (Houthi risks).
•Short-term measures: fuel substitution (coal for LPG/natural gas), demand management, and priority allocation for critical sectors.

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