As 85 per cent of Indian crude is imported via the Strait of Hormuz (in the Persian Gulf) and Russian crude in transit to India via the Suez is believed to be untouched by Houthis, there is no direct impact that India faces, according to experts. However, indirect impacts may be felt through rising global crude prices because of the effect on international crude trade.

Source: The North Africa Journal December 23, 2023 01:55 UTC