Could the Hormuz crisis wipe out India’s fuel price stability & trigger biggest energy emergency?

India’s energy security is under pressure as tensions around the Strait of Hormuz threaten global oil supplies. Nearly 30% of India’s crude imports pass through this critical chokepoint, while the country depends on imports for almost 90% of its oil needs. With Brent crude surging and fuel prices rising, how long can India’s strategic petroleum reserves protect the economy? This report explains India’s oil buffer capacity, the risks from Iran tensions, and why the government is racing to expand underground storage facilities across the country amid fears of prolonged disruption in global energy markets.