🏦 Economy / Policy
• India imports about 85% of its crude, with nearly 40–50% routed via the Strait of Hormuz, making any disruption a major energy security risk 🛢️⚠️
• As West Asia tensions intensify, the government is prioritising LPG supply for households to cushion consumers from energy shocks 🔥
• India imported nearly $98.7 billion of goods from West Asia in 2025, meaning sanctions or logistics disruptions could impact petrochemicals, metals, fertilisers and gems-jewellery supply chains 📦
• Government assured there will be no immediate petrol or diesel price hikes despite crude volatility, prioritising consumer relief ⛽
• India’s strategic petroleum reserves can cover about 74 days of demand, offering a buffer against prolonged Gulf supply disruptions 🛢️📊
🏢 Companies / Markets
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🌍 Global / World
• Brent crude retreated below $100 per barrel after spiking to $120 intraday as signals of de-escalation in the Iran conflict eased market fears 🌍📉