Brief by Shorts91 Newsdesk / 06:26am on 26 Mar 2026,Thursday India Global
India has accelerated oil and LPG import deals to counter supply disruptions caused by the Middle East conflict and closure of the Strait of Hormuz. Prime Minister Narendra Modi said India now sources energy from 41 countries, up from 27 earlier, reflecting diversification efforts. Negotiations are underway with suppliers including Russia and the United States. Despite disruptions affecting nearly 40% of imports via Hormuz, the government maintains there is no immediate shortage, citing 74 days of reserves. LPG production has been increased and strategic reserves remain robust, even as global supply constraints and rising prices continue to pressure energy markets. (PC: NDTV)
