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Strait of Hormuz: 15 Million Barrels/Day Oil Transit, 88% Import-Dependent India Faces Price Volatility Amid US-Israel-Iran Conflict

Target:UPSC GS-IIMPSCSSC GATeachingPrelims HighMains HighStatic GK Link
28 Feb 2026
~2 min
Source: Indian Express
Key Data:15 million barrels/day crude via Hormuz20% global LNG via HormuzIndia imports 88% of crude oil40% of India's oil imports transit Hormuz$2 billion annual cost per $1 oil price rise
Bodies:US Energy Information Administration (EIA)INGCenter for Strategic and International Studies (CSIS)
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What This Article Covers

1.Israel and US military strikes on Iran raise the risk of oil supply disruptions via the Strait of Hormuz, a chokepoint for 15 million barrels/day of crude and 20% of global LNG.

2.India, importing 88% of its crude needs, faces significant economic exposure, with 40% of its oil imports transiting the Strait; every $1/barrel price rise adds ~$2 billion to its import bill.

3.Examiners can link this to India's energy security, global oil market dynamics, and the strategic importance of maritime chokepoints in international relations.

The Big Picture
Prelims · HighMains · High

US-Israel strikes on Iran escalate regional tensions, threatening oil flows through the critical Strait of Hormuz. For India, the world's third-largest oil consumer, this risks a $2 billion annual increase in import bills for every $1 rise in oil prices, highlighting acute energy security vulnerabilities.

Exam Lens

Quick Exam Facts From News

Strait of Hormuz Daily Oil Flow15 million barrels
India's Oil Import Dependency88%
India's Oil Imports via Hormuz40%
Brent Crude Price (Week Ending)Over $72/barrel

1-Minute Revision

  • ›Strait of Hormuz Daily Oil Flow: 15 million barrels
  • ›India's Oil Import Dependency: 88%
  • ›Target this Data: 15 million barrels/day of oil transit the Strait of Hormuz.
  • ›Target this Nodal Body: US Energy Information Administration (EIA) - cited for Hormuz data.
  • ›Target this Geo-strategic Point: Bab el-Mandeb strait as a secondary chokepoint threatened by Iran's proxies.

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Q1Static LinkageEasy

Which U.S. government agency is described in the article as stating that the Strait of Hormuz is the world's most important oil transit chokepoint?

Q2Statement-basedHard

Consider the following statements regarding the Strait of Hormuz:

1. It handles approximately one-fifth of global liquid petroleum consumption.

2. Roughly 40% of crude oil imported by India transits through this strait.

3. It is a narrow waterway between Iran and Saudi Arabia.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the article, what is the approximate daily volume of crude oil that passes through the Strait of Hormuz?

Q4Application/ImpactMedium

What is the primary economic concern for India, as highlighted in the article, arising from the conflict involving Iran?

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