Strait of Hormuz uncertainty chokes crude imports: India’s oil stock down 15% since US-Iran war; here’s what it means
US-Iran war and the indefinite closure of the Strait of Hormuz has led to India’s crude oil inventories declining by around 15%. This decline is since the US-Iran conflict erupted in late February, as refiners continued operating at steady processing levels despite lower import volumes, according to estimates from commodities analytics firm Kpler.
US-Iran war and the indefinite closure of the Strait of Hormuz has led to India’s crude oil inventories declining by around 15%. This decline is since the US-Iran conflict erupted in late February, as refiners continued operating at steady processing levels despite lower import volumes, according to estimates from commodities analytics firm Kpler.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
