West Asia crisis raises oil supply risks for India
pre-market1 source ↓written by the desknot a recommendation
- of oil needs
- 40-50%
- of India's crude
- 46%
The ongoing West Asia crisis poses potential supply risks for India's crude imports, with 40-50% of oil needs transiting the Strait of Hormuz. Morgan Stanley indicates that 46% of India's crude basket is sourced from this region, highlighting vulnerability. However, diversified sourcing and inventories may cushion the immediate impact.
Not investment advice. For informational purposes only.