India is severely affected by the Iran war. 48% of India's crude oil and 60% of natural gas transits the Strait of Hormuz. With Brent $15+ above pre-crisis levels, fiscal impact could exceed $20 billion — equivalent to India's entire annual defence procurement budget. Fuel subsidies under pressure, rupee weakening, and pharmaceutical API supply chains from Indian ports disrupted.
India imports 90% of crude oil, with roughly half (2.5-2.7 million bbl/day) transiting Hormuz from Iraq, Saudi Arabia, Kuwait, and UAE. The blockade threatens $20B+ in additional costs.
Yes. Crude oil prices have surged $15+ per barrel. Indian oil marketing companies face pressure to pass costs to consumers. Petrol could rise Rs 5-10/litre if the crisis persists beyond 4 weeks.
Yes. India exports $25B+ in pharmaceuticals but relies on shipping routes through the Gulf for raw material imports. API (Active Pharmaceutical Ingredient) supply chains face 4-8 week disruption.
Analysis based on data from the U.S. Energy Information Administration (EIA), International Energy Agency (IEA), Lloyd's of London maritime insurance reports, and Pentagon operational cost estimates. Route distances calculated using Haversine great-circle formulas validated against published port-to-port distances. Updated 2026-03-08.