India sits on 100 mn barrels of crude oil stock amid Strait of Hormuz shutdown fears — here's how long it will last

India currently holds approximately 100 million barrels of crude oil, which could sustain the nation's needs for about 40 to 45 days in the event of supply disruptions through the crucial Strait of Hormuz. This strategic waterway is responsible for a significant portion of the world's oil trade, and any impediment could lead to considerable price hikes. As India relies on imports for around 88% of its crude oil, predominantly sourced from the Middle East, the government is closely monitoring geopolitical tensions that may impact its energy security. With these developments, the Indian administration is urged to strategize to mitigate potential economic repercussions while ensuring a steady energy supply for its growing demands.