https://www.taxtmi.com/news?id=47274 The Strait of Hormuz is a major global oil and LNG chokepoint; disruption would spike prices but India's dependence is mitigated by diversified crude and LNG sourcing, logistical routes that bypass the Strait, flexible refinery operations, increased imports from Russia and the US, and strategic reserves. Short-term interruptions are more likely than a prolonged closure, and India's operative responses center on contingency sourcing from alternative regions, optimizing refinery crude slates, and temporary market interventions to contain domestic price impacts. en-us Sun, 22 Jun 2025 18:31:04 +0530 Sun, 22 Jun 2025 18:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=47274 The Strait of Hormuz is a major global oil and LNG chokepoint; disruption would spike prices but India's dependence is mitigated by diversified crude and LNG sourcing, logistical routes that bypass the Strait, flexible refinery operations, increased imports from Russia and the US, and strategic reserves. Short-term interruptions are more likely than a prolonged closure, and India's operative responses center on contingency sourcing from alternative regions, optimizing refinery crude slates, and temporary market interventions to contain domestic price impacts. News - Sun, 22 Jun 2025 18:31:04 +0530 https://www.taxtmi.com/news?id=47274