Strait of Hormuz uncertainty chokes crude imports: India’s oil stock down 15% since US-Iran war; here’s w

The uncertainty surrounding the Strait of Hormuz due to the US-Iran conflict has led to a decline of approximately 15% in India's crude oil inventories. Indian refiners have maintained steady processing levels despite lower import volumes. If supply disruptions persist, refiners may need to scale back operations, potentially contributing to Prime Minister Modi's call for fuel conservation.