🚨 Iran-Israel War Could Push Oil to $120 – Why India’s Fuel Bills Are at Risk ⛽

The ongoing Iran-Israel War is turning into a global economic headache, and India is directly in the line of fire. At the heart of this crisis is the Strait of Hormuz, a narrow route through which nearly 1/3 of the world’s oil flows. India, which imports over 67% of its oil via this path, could face major energy shocks if tensions escalate.

• Strait of Hormuz = vital for global oil movement

• India relies on this route for 67% of its oil imports

• JPMorgan warns of oil shooting up to $120/barrel

• Inflation and currency pressure could follow for India

👉 Why this matters: Due to the Iran-Israel War, a spike in oil prices could raise your petrol bills, increase living costs, and hurt India’s economy.
🔗 Source: India Today Business

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