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The Economic Times
The Economic Times
Karan Bhasin

No sudden shelter from storms: What protected India's oil supply during Hormuz crisis

Albany, US: When the Hormuz Strait closed to commercial traffic on February 28, India's exposure was severe. Judged by headline import dependence alone, one would have expected dry pumps, queues for cylinders and a sharp political reckoning. More than 100 days on, none of that happened.

The conventional answer credits GoI's decisive action once the crisis hit. That account places too much weight on decisions taken after the crisis began. Choices that mattered had been made years earlier, when the case for them was administrative, rather than dramatic.

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