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Indian Refiners Brace for Oil Price Shock: The Strategic Importance of the Strait of Hormuz

Indian Refiners Brace for Oil Price Shock: The Strategic Importance of the Strait of Hormuz India’s oil refineries are preparing for a possible surge in crude oil prices due to rising geopolitical tensions in West Asia, particularly following heightened military confrontations involving the United States, Israel, and Iran. Central to these concerns is the Strait …