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US naval blockade in Hormuz may hit India indirectly: Report

US naval blockade in Hormuz may hit India indirectly: Report

NewsBytes 5 days ago
The United States's planned naval blockade of the Strait of Hormuz may not have an immediate impact on India's crude oil supplies.
However, analysts and industry sources cited by Moneycontrol warn that it could lead to significant "second-order effects." The blockade could shrink global supply and increase freight costs, thereby impacting local prices in India.
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