Supply Not an Issue for India, Price Is; If Crude Price Crosses USD100, India Will Be Impacted: Experts

Supply Not an Issue for India, Price Is; If Crude Price Crosses USD100, India Will Be Impacted: Experts

Get latest articles and stories on Business at LatestLY. Amid the ongoing conflict in the Middle East and rising crude oil prices, energy experts have said that oil supply through the Strait of Hormuz is unlikely to be immediately affected, though risks remain if tensions escalate further. Business News | Supply Not an Issue for India, Price Is; If Crude Price Crosses USD100, India Will Be Impacted: Experts.

Supply not an issue for India, price is; If crude price crosses USD100, India will be impacted: Experts - IndiaPost NewsPaper

NEW DELHI: Amid the ongoing conflict in the Middle East and rising crude oil prices, energy experts have said that oil supply through the Strait of Hormuz is unlikely to be immediately affected, though risks remain if tensions escalate further. Industry experts, in conversations with ANI, stated that the situation in the region remains tense after the recent US action against Iran, but the general hope is that oil supply routes will stay open. M…