Oil and gas markets face Hormuz disruption and rising prices
India's Petroleum Minister discussed global oil and gas markets with an energy expert. The expert flagged disruption around the Strait of Hormuz and rising prices.
ContextThe Strait of Hormuz is a narrow sea passage between Iran and Oman through which a large share of the world's oil and gas is shipped. Any disruption there quickly pushes up global energy prices, which affects fuel costs in import-dependent countries like India.
Read at India's News.Net
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