Roving Periscope: Hormuz crisis adds $22 bn to India's crude bill import bill
Samira Vishwas | August 29, 2026 3:24 AM CST
Virendra Pandit New Delhi: India, which imports over 80 per cent of its hydrocarbon requirements, will have to pay an additional USD 22 billion this year because of the ongoing US-Iran war that has shut the key waterway, the Strait of Hormuz, the media reported on Friday. In terms of the waterway's economic impact, (…)
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