Strait of Hormuz slowdown raises risks for Indian economy
after close1 source ↓written by the desknot a recommendation
- transit
- 15%
- 41
- due to geopolitical
- 8 July
- recently
- 12.76 million barrels per day
Falling vessel movements through the Strait of Hormuz have raised concerns over an energy supply crunch. Vessel transit was down 15% to 41 on 8 July due to geopolitical tensions, impacting crude oil prices and India's energy import bill. Crude flow averaged 12.76 million barrels per day recently, with potential implications for the rupee's stability.
Not investment advice. For informational purposes only.