Strait of Hormuz Crisis Raises API Costs 200%, Hits 60% of India's 10,500 Pharma MSMEs, Threatens Jan Aushadhi Supply

India's LNG Imports Rise 15.4% in May-July as US, Nigeria, Oman Offset Strait of Hormuz Crisis

India successfully diversified its LNG import sources during the Strait of Hormuz crisis, increasing imports by 15.4% in May-July 2026. The US became the top supplier, while imports from Qatar plummeted 91.3%, highlighting India's energy security strategy amid geopolitical turmoil.

India's LPG Imports from US Hit 67% as West Asia Supply Falls 85% Amid Hormuz Crisis

India's LPG imports from the US have surged to 67% of total, a massive shift from the earlier 10% target. This diversification comes as imports from West Asia dropped 85% between February and June 2026, highlighting the strategic importance of reducing reliance on the Strait of Hormuz. For UPSC/Banking students, this is a key case study in energy security, geopolitical risk, and trade diversification.

Global Refinery Attacks Spike Sulphur Prices Above $1,000/Tonne; Threatens India's Phosphatic Fertiliser Supply

The energy crisis has shifted from crude oil supply to refined products. Attacks on refineries in Russia and West Asia have caused sulphur prices to skyrocket from $200 to $1,000/tonne, severely affecting India's ability to manufacture phosphatic fertilizers. This distinct crisis poses a long-term threat to India's food security and fertiliser imports even as the country enjoys surplus refining capacity.

US Diesel Export Ban Proposal: Global Supply Crisis & Impact on India's Net Exporter Status

A US proposal to restrict diesel exports, supported by President Trump, threatens to remove the single largest source (20%) of globally traded diesel from the market. For India, a net diesel exporter, this could mean higher export margins for refineries like RIL, though higher export taxes and domestic demand will limit gains.

Strait of Hormuz Crisis: Oil Flows Drop 77% to 4.9 mb/d, Brent at $90, Risk of $100+

The disruption of the Strait of Hormuz – a critical chokepoint for 21 million barrels/day – is causing global oil supply risks. India, as a major importer, faces higher delivered costs and inflationary pressures. This is crucial for understanding India's energy security, import dependence, and macroeconomic vulnerabilities.

US Share in India's LPG Imports Surges to 53% as West Asia War Disrupts Strait of Hormuz

The West Asia war has disrupted LPG supplies through the Strait of Hormuz, forcing India to pivot to US imports which now account for 53% of India's LPG imports. This shift highlights India's vulnerability in energy security and the strategic importance of the Strait of Hormuz for exam aspirants.

Strait of Hormuz Crisis: Oil Jumps 5% as Iran-US Compensation Demands Stall Reopening

Oil prices surged ~5% as hopes for reopening the Strait of Hormuz faded after Iran demanded US sanctions relief and compensation, while President Trump counter-demanded compensation from Iran for past attacks. This standoff threatens global energy supplies, especially for import-dependent nations like India, and has pushed Brent crude to $87.72/barrel.

US Imposes 100% Tariff on India Pharma Exports from 2028, Impact on $150 Bn Trade

Trump's unilateral tariff actions on Indian pharmaceutical exports (100% from 2028, rising to 200%) and use of Sections 301, 232, and 338 expose the fragility of ongoing India-US trade negotiations. Despite $150 billion bilateral trade and India's surplus, no signed agreement seems safe. India should prioritize trade diversification towards the UK and EU.