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Strait of Hormuz disruption puts India’s energy security in focus: What former diplomat said
1 Oct 2026 · Business Today Mkts
India’s dependence on imported crude oil, LNG and LPG makes Strait of Hormuz disruptions a key energy-security concern, former US Ambassador Navtej Sarna said. He stressed the need to diversify energy sources and strengthen domestic capabilities amid rising geopolitical risks.
The analysis
This is an Input cost / crude event. India imports most of its crude, so input costs pass through to margins downstream and to the rupee. Producers and consumers of the same input move in opposite directions.