Hormuz Shutdown: Why India's Energy Security Needs Supply Diversification

• Global oil and petroleum sector is central to international geopolitics, with US, Israel, and Iran dynamics influencing energy security.
• Strait of Hormuz, a critical chokepoint, handles nearly one-fifth of global oil trade, making tensions in the region highly impactful.
• India, the world's third-largest crude oil consumer, imports over 89% of its needs, making it highly vulnerable to global price fluctuations.
• India has diversified its oil sourcing beyond West Asia to include Russia, Latin America, and Africa, reducing reliance on single regions.
• Strategic petroleum reserves and advanced refining capabilities provide buffers against short-term disruptions and price volatility.