US-Iran clash in Hormuz, Houthis hit Saudi: Why India should worry
Zee News1 newsroom
India imports about 90% of its oil needs, leaving fuel costs vulnerable to a prolonged rise in crude prices. Higher import bills could also affect the rupee and inflation.
India imports 90% of its oil and buys through the Strait of Hormuz; disruptions would push crude prices up, raising India's fuel costs and import bills.
Most affected
Indian consumers and businesses — Higher oil and fuel costs, increased inflation from elevated import expenses.
Likely next
Whether shipping through the Strait of Hormuz is disrupted or crude prices spike in response to the clashes.