<p class="PDq2pG_selectionAnchorContainer" data-start="12" data-end="352">The ongoing West Asia conflict is increasingly threatening global oil supplies as key energy routes such as the Strait of Hormuz, Bab el-Mandeb and Saudi Arabia’s East-West Pipeline face serious disruption. Brent crude rose from $97.58 per barrel on September 7 to $104.60 on September 13, keeping pressure on global energy markets. India is particularly vulnerable because it relies heavily on crude oil imports. The country’s oil import bill was around ₹10.92 lakh crore in FY 2025-26, while imports between April and July 2026-27 were already worth about ₹5.94 lakh crore. If crude stays around $100 per barrel, India’s annual import bill could potentially reach ₹19.1 lakh crore, increasing pressure on government finances and consumers. The bigger concern is whether oil can physically reach global markets. If the three major routes are disrupted, Brent crude could potentially climb toward $120–150 per barrel in a worst-case scenario. Longer shipping routes around the Cape of Good Hope would increase transportation time and costs. The crisis could also trigger higher inflation, slower global growth, expensive fuel and freight, and LNG shortages, creating a broader threat to the world economy.</p>
source https://news.abplive.com/videos/news/world-oil-crisis-west-asia-war-threatens-global-oil-supply-as-key-routes-face-disruption-1866623
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