Strait of Hormuz slowdown raises risks for India's energy imports
pre-market1 source ↓written by the desknot a recommendation
- transit
- 15%
- 41
- the previous day
- 48
- Crude flow averaged
- 12.76 million barrels per day
Falling vessel movements through the Strait of Hormuz have raised concerns over an energy supply crunch. On July 8, vessel transit was down 15% to 41 from 48 the previous day due to geopolitical tensions. Crude flow averaged 12.76 million barrels per day, potentially increasing India's energy import bill and impacting the rupee.
Not investment advice. For informational purposes only.