Hormuz, hydrocarbons, and India: What the current Middle East conflict means for Indian oil and gas markets

The ongoing Middle East conflict poses significant risks to oil and gas shipments through the Strait of Hormuz, impacting India’s energy markets substantially. India, heavily reliant on crude, LNG, and LPG imports, must bolster its energy security and transition towards sustainable energy sources to mitigate future disruptions. This crisis highlights India’s vulnerability and necessitates strategic efforts to ensure long-term stability.