India Raises Fuel Prices as Hormuz Blockade Hits Import Costs
⛽ NEW DELHI — India imports Iranian oil and now pays the blockade's retail price. 📌 LOOK CLOSER: India is both a Hormuz-dependent importer and a quiet buyer of discounted Iranian crude. A fuel hike signals New Delhi's buffers are thinning — reserves can't absorb day 77 indefinitely. Domestic inflation pressure now accelerates India's push for a negotiated Hormuz reopening, undercutting Washington's hold-the-line coalition posture at a critical moment.