The Strait of Hormuz will be closed to all shipping until the US ends its "illegal interventions" in the region. The move follows the third wave of American strikes against Iran this week. Iran allowed traffic through the key waterway as part of the MoU signed by the sides on June 17.
Monk Singh Ahluwalia believes India needs to significantly expand its strategic petroleum reserves under its own control. He argues that the West Asia crisis shows the risks of relying on concentrated supply routes and limited emergency stockpiles. India's total strategic crude oil reserve capacity is 5.33 million metric tons (MMT). They are stored at three facilities - Vishakhapatnam, Mangaluru and Padur.
The Strait of Hormuz will be closed to all shipping until the US ends its "illegal interventions" in the region. The move follows the third wave of American strikes against Iran this week. Iran allowed traffic through the key waterway as part of the MoU signed by the sides on June 17.
Monk Singh Ahluwalia believes India needs to significantly expand its strategic petroleum reserves under its own control. He argues that the West Asia crisis shows the risks of relying on concentrated supply routes and limited emergency stockpiles. India's total strategic crude oil reserve capacity is 5.33 million metric tons (MMT). They are stored at three facilities - Vishakhapatnam, Mangaluru and Padur.