03 Mar 2026 | 5 Mins Read
India's economy hit by Middle East conflict instability
Flipitmoney
India's exposure to a potential oil supply disruption through the Strait of Hormuz is significant, with approximately 40% of its crude imports passing through the strait. With a 20% share of global petroleum liquids consumption, India's energy security is at risk. Crude oil import dependence is at 88.6% and forecasters predict India as the largest driver of global oil demand growth.