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A $4 trillion economy running on 25 days of oil
Episode 700
Published 23 hours ago
Description
Yesterday, Reuters reported, Indian refiners have rushed to secure prompt cargoes of Russian crude as the war involving Iran disrupts supplies from the Middle East. The crisis has choked traffic through the Strait of Hormuz — a route that normally carries around 40% of India’s oil imports — forcing companies to scramble for alternatives.
The shift is striking. New Delhi had spent months cutting back Russian imports under U.S. pressure. But with India holding only about 25 days of crude reserves, the war has quickly exposed how thin that buffer really is.
So how did India’s energy strategy end up here, between Russian oil, U.S. pressure, and a war in Iran? Host Snigdha Sharma
explains.
Tune in.