India does not have its own big oil reserves. We import more than 88% of our crude oil from outside. Because of the war, the Strait of Hormuz, an important sea route that carries nearly 20% of the world’s oil, has been blocked for two months.
India does not have its own big oil reserves. We import more than 88% of our crude oil from outside. Because of the war, the Strait of Hormuz, an important sea route that carries nearly 20% of the world’s oil, has been blocked for two months.