US-Iran peace deal: What opening of Strait of Hormuz would mean for India’s crude oil supplies

Jun 16, 2026 - 17:00
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US-Iran peace deal: What opening of Strait of Hormuz would mean for India’s crude oil supplies
Prior to the outbreak of the conflict, the Gulf region supplied roughly 40% of India's crude oil imports. After the war began on February 28, inflows from the region declined sharply.

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