India Braces for LPG Crisis Amid Strait of Hormuz Tensions

Strait of Hormuz LIVE updates: On the 13th day of the war between Iran and Israel, oil prices surged as Brent crude rose above $100 a barrel early Thursday, days after briefly nearing $120, amid worsening supply concerns following Iranian attacks on commercial shipping near the Strait of Hormuz.| India News

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Oil prices surged to over $100 a barrel as Iran intensified attacks on commercial shipping near the Strait of Hormuz, threatening global economic pressure on the US and Israel.

India, which imports 60% of its LPG requirement through the Strait, is bracing for potential supply disruptions, with refineries ordered to maximize production.

Restaurants in major cities have begun cutting down LPG use, while some have shut down due to shortages, with black market traders demanding exorbitant prices for cylinders.

Union Minister Suresh Gopi assured efforts are underway to control the LPG crisis, while Congress leader Rahul Gandhi attacked Prime Minister Narendra Modi, alleging he was worried about the Epstein files issue and the Adani case in the US.