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Conflict in Strait of Hormuz may raise India's oil import bill by $14 billion, warns ICRA
As tensions escalate in the Strait of Hormuz following the Iran-Israel conflict, credit rating agency ICRA has warned that any sustained disruption in oil and gas supplies through the chokepoint could significantly strain India's economy — pushing up oil imports, widening the current account deficit (CAD), and delaying private sector investment.
Both countries are weighing long-term solutions, including boosting domestic production and securing alternative storage, ...
The conflict between Israel and Iran has reached an unprecedented level, with verbal threats and aerial engagement with ...
The Indian rupee weakened to its lowest level in three months, as a surge in oil prices underscored the nation’s ...
As a net importer of crude, India faces mounting risks from rising oil prices — with potential implications for its economy, ...
India's crude oil import dependency hits record high of 90.6% in May 2025 due to rising consumption and declining production.
The Indian government is holding daily meetings and drawing up contingency plans, especially in case the strategically vital ...
3don MSN
India may be on the verge of a major oil and gas discovery in the Andaman region, with early offshore exploration pointing to ...
State-owned ONGC and Oil India carrying out deepwater exploration campaigns in Andaman basin, but no commercial discoveries ...
IFreight rates for Russian oil shipments from the Baltic ports to India eased further in the period from late May to early ...
A $10 a barrel increase in the average price of crude oil in FY26 will typically push up net oil imports by about $13-14 ...
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