India's energy security threatened by Hormuz-Red Sea risks
after close1 source ↓written by the desknot a recommendation
- vulnerable to disruptions
- 40% of crude imports
India's energy security is at risk, with 40% of crude imports vulnerable to disruptions at the Strait of Hormuz and the Red Sea. CareEdge Ratings warns that a simultaneous closure could push Brent crude prices to USD 130-135 per barrel. Currently, Brent stands at USD 100 per barrel, reflecting ongoing geopolitical tensions.
Not investment advice. For informational purposes only.