Israel-Hamas conflict clouds loom over crude oil and LNG supplies

Iran getting drawn into Israel war could hamper nearly 80 percent of liquified natural gas flows to India

The entire flow of crude oil from Iraq, Saudi Arabia, and the United Arab Emirates (UAE) -- among the largest sources of imported oil for India -- may be at risk if Iran attempts to block the Strait of Hormuz in the wake of the conflict between Israel and Hamas, senior officials of state-run oil-marketing companies and refineries told Business Standard.

Overall, more than half of the crude oil bought by India passes through the strait, which is also the primary shipping route for oil from Kuwait, Oman, and Qatar, they said. As much as 56 per cent of the