India currently has around 100 million barrels of crude oil stored in tanks, underground reserves, and ships at sea. According to energy analytics firm Kpler, this stock can meet India’s needs for about 40 to 45 days if oil supplies through the Strait of Hormuz are stopped. Why the Strait of Hormuz Is Important India.
Meanwhile, Iran's Islamic Revolutionary Guard Corps (IRGC) has said it has closed the Strait of Hormuz, a vital shipping route for the world's oil supplies.
