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How the US–Iran War Is Impacting India’s Oil, LPG and LNG Supply: 10 Key Points

India LPG Oil Iran crude oil the Strait of Hormuz West Asia IEA The United States

While the administration of Donald Trump has indicated that the conflict with Iran may end soon, the situation has already impacted global oil prices and supply chains. Brent crude prices briefly surged to around $120 per barrel on Monday, before dropping below $90 on Tuesday, reflecting the volatility caused by geopolitical tensions.

India’s Dependence on Energy Imports

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