Archive · 19 Jun 2025
India Says It Has Enough Oil Amid Iran-Israel Conflict
India is prepared for the rising tensions between Iran and Israel, especially how it might affect oil prices.
The government says that India has enough oil stored up and can get more from other places, meaning we won't have problems with fuel.
Even though some oil comes through a risky area called the Strait of Hormuz, India is ready to find other ways to get the oil.
The government is working to make sure things are okay, even if prices go up.
India has sufficient oil reserves to withstand potential disruptions from the Iran-Israel conflict.
Minister Hardeep Singh Puri stated India imports 5.5 million barrels of crude oil, with 1.5 million passing through the Strait of Hormuz.
Puri expressed 'anxiety' but not 'worry' over potential oil price increases due to the conflict.
India has diversified its crude oil sources and increased domestic production to mitigate risks.
The government is prepared to reroute supplies and potentially halt petroleum product exports if needed.
- Who
- Union Minister Hardeep Singh Puri provided assurances.
- What
- India is assessing its oil supply security amid the escalating Iran-Israel conflict.
- When
- As of June 19, 2025, India is assessing the situation.
- Where
- The Strait of Hormuz is the key geographical area of concern.
- Why
- Due to the escalating conflict between Iran and Israel.
Potential Negative Impacts
Government's Perspective
Oil Price and Supply
Potential Negative Impacts
Rising oil prices and potential supply disruptions due to the Iran-Israel conflict
Government's Perspective
The government's response
- India's Crude Oil Imports
- 5.5 million barrels
- Oil via Strait of Hormuz
- 1.5 million barrels
- India's Oil Stockpile
- Three weeks
