India Faces Rising Energy Risks Amid Iran-US Tensions and Crude Price Surge

Rising tensions between Iran and the US have increased India's crude oil imports through the Strait of Hormuz to over 52%, raising energy security concerns. Analysts warn that any disruption could prompt Indian refiners to revert to Russian crude. Meanwhile, crude prices are climbing globally, with estimates suggesting prices could exceed $90 per barrel if conflict escalates, potentially impacting India's import costs and linked industries. The Indian government has advised nationals in Iran to leave amid unrest and geopolitical risks.