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Sun · 20 Sep 2026

India's Economy Counts Growing Cost of Iran War as Hormuz Deadlock Drags On

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India's Economy Counts Growing Cost of Iran War as Hormuz Deadlock Drags On

🇮🇳 INDIA — Asia's fastest economy is now paying the bill for a war it didn't start. 📌 LOOK CLOSER: India imports 80% of its oil via Hormuz. At $94 Brent, each extra dollar costs Delhi ~$1.5bn annually in import bills. Growth was 7.2% pre-February; economists now cut forecasts. Unlike Europe, India has no LNG switching capacity. New Delhi's neutrality carries a rising price with every week Hormuz stays choked.

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