India Seizes Opportunity to Boost Oil Imports Amid Middle East Crisis

New Delhi, તા.20: The devastating war in the Middle East between Iran, Israel, and the US has rattled the global oil market, but India is now poised to overcome the crisis. Foreign - After the astute diplomacy of S. Jaishankar and a high-level meeting with the Iranian foreign minister, India has taken the historic decision to cross the Strait of Hormuz. According to a Bloomberg report, oil tankers of the Shipping Corporation of India are just waiting for the final green light to enter the Persian Gulf. This is a route through which 20% of the world's oil supply passes and is currently considered extremely dangerous due to war. India's strategy is not limited to bringing oil, but it is a symbol of India's growing strength on the global stage. With oil prices in the US rising by 50% and inflation in India as well, it has become imperative for India to start traditional imports from Middle Eastern countries that have sought LPG from other countries.