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Impact of the Closure of the Strait of Hormuz on India’s Economy and Oil Refineries

Impact of the Closure of the Strait of Hormuz on India’s Economy and Oil Refineries Introduction The potential closure of the Strait of Hormuz, a critical oil transit chokepoint, by Iran would have significant consequences for India. India is one of the largest oil importers in the world. As the Strait of Hormuz accounts for …

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