U.S. Hormuz blockade hits India just as Russian oil purchase waiver expires, deepening energy worries


Source: cnbc.com cnbc.com
Key Topics in this News Article:
News Snapshot:

India, even as it tilts towards the U.S., is increasingly finding that Washington’s policies work to its detriment, particularly in matters of energy security. The Iran war has only exacerbated the issue. On Monday, the U.S. began blocking ships from entering or exiting Iranian ports via the Strait of Hormuz — one of the world’s most critical oil chokepoints — in a bid to pressure Tehran after peace negotiations collapsed. Experts said the move dealt a blow to New Delhi, which had just imported its first Iranian oil shipment in seven years as it scrambled to meet energy needs amid…