Prolonged Hormuz blockade will hurt
Published on: March 4, 2026, 11:33 p.m. | Source: The Economic Times
India faces potential energy cost increases if the Hormuz Strait closes. The nation relies heavily on West Asian producers for crude oil and LNG. A prolonged closure could impact production. India is diversifying energy sources, but a disruption poses a significant challenge. The US military presence is crucial for maintaining open shipping.
