India's crude oil supply secure: Centre amid shortage fears due to Strait of Hormuz closure

The Indian government has assured that the country's crude oil supply remains secure, with a steady access to 5.5 million barrels per day. This statement comes amid rising concerns over potential supply disruptions due to escalating tensions between the United States and Iran, particularly the threat of closure of the strategic Strait of Hormuz, a key conduit for global oil shipments. Officials emphasized that India has taken proactive measures to ensure energy security, diversifying its sources of crude oil imports and strengthening partnerships with various oil-producing nations. This reassurance aims to mitigate fears of shortages that could arise from geopolitical conflicts, highlighting India's commitment to maintaining a stable energy supply for its economy. As global markets remain vigilant about the situation in the Middle East, India’s focus on energy resilience underscores its strategic approach to handle any potential disruptions in the oil supply chain.