How long can India tackle US-Iran war fallout as exports choke, oil prices rise – Explained

According to data from the US Energy Information Administration (EIA), the Strait of Hormuz handled 44% of India’s crude oil and condensate imports and 37% of its total consumption of petroleum and related liquids in 2023. 

​According to data from the US Energy Information Administration (EIA), the Strait of Hormuz handled 44% of India’s crude oil and condensate imports and 37% of its total consumption of petroleum and related liquids in 2023.