Tensions rising between Iran and US: India explores ways to secure crude, LNG supplies
Times of India
by TNNFebruary 23, 2026
AI-Generated Deep Dive Summary
NEW DELHI: As tensions between Iran and the US escalate, India is taking steps to ensure its energy security amid concerns over potential disruptions in global oil supplies. With fears of conflict and possible closure of the Strait of Hormuz—a vital chokepoint for nearly 20% of global crude oil trade—India is exploring alternative strategies to secure its imports of crude oil and liquefied natural gas (LNG). The nation, which relies on West Asian countries for over 40% of its oil through this strategic waterway, is considering diversification measures, including the use of existing pipelines like the Habshan-Fujairah pipeline and the East-West crude oil pipeline. These pipelines could help mitigate supply risks if the Strait of Hormuz were to be disrupted.
Energy experts highlight that while India has diversified its oil imports over the past few years—securing nearly a third of its requirements from Russia, though recent purchases have shown a decline—the primary concern remains the potential rise in global oil prices. Analysts estimate that every $10 increase in oil prices would add $13-14 billion to India's annual import bill. However, experts believe that a complete closure of the Strait of Hormuz is unlikely due to opposition from major global powers and Gulf nations, who have a vested interest in maintaining uninterrupted oil exports.
India’s strategic reserves are currently sufficient to meet its energy needs for up to 74 days, providing some buffer against immediate disruptions. The country has also increased its imports from Saudi Arabia, which reached a six-year high this month. While these measures demonstrate India's proactive approach to managing energy security risks, the broader implications of escalating tensions between Iran and the US remain a critical concern for global markets. For readers interested in world affairs and energy security, this situation underscores the delicate balance of power and economic dependencies in the region, with potential ripple effects on global oil prices and international relations.
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Originally published on Times of India on 2/23/2026