/newsfirstprime/media/agency_attachments/2025/07/28/2025-07-28t111554609z-2025-07-23t100810984z-newsfirst_prime_640-siddesh-kumar-h-p-1-2025-07-23-15-38-10-2025-07-28-16-45-54.webp)
Follow Us
/newsfirstprime/media/post_attachments/wp-content/uploads/2025/06/modi-3.jpg)
Fears of a potential disruption in the Strait of Hormuz—through which a fifth of the world’s oil passes—have resurfaced amid heightened tensions between Iran, Israel, and the US. Any escalation in hostilities could strain global crude supply chains, trigger price surges, and affect major importers like India.
Also Read: Iran-Israel ceasefire triggers stock market rally; Sensex jumps 1,112 points, crude oil falls to $70
Petroleum and Natural Gas Minister Hardeep Singh Puri recently noted that India's crude basket is drawn from a wide range of suppliers, reducing dependence on any single region. Importantly, much of India’s oil bypasses the Strait of Hormuz altogether, limiting direct exposure to disruptions there.
Adding to its resilience, India has built Strategic Petroleum Reserves (SPR) to cushion against supply shocks. These reserves—stored in massive underground rock caverns in Visakhapatnam (Andhra Pradesh), Mangaluru (Karnataka), and Padur (Tamil Nadu)—hold millions of tonnes of crude. Additional storage sites are under development in Chandikhole (Odisha) and a second facility in Karnataka.
With these measures in place, India is maintaining cautious optimism while closely monitoring developments in the Middle East.
