Iran’s threat to close the Strait of Hormuz raises concerns over oil supply disruptions. With two-fifths of crude imports at risk, freight costs and energy security could be impacted. India’s diversification strategy and strategic reserves may help offset short-term volatility.

The data highlights demand in India, the world's third-largest importer and consumer of oil, reflecting the broader economic and industrial activities driving it.

So far, Iranian oil export infrastructure doesn’t appear to have been majorly hit by Israel, which is a relief for the energy markets and countries like India, even though they do not buy oil from Iran.