'Routes Diversified': Minister Assures Fuel Supply Stability As Iran Mulls Strait Of Hormuz Shutdown
The Strait of Hormuz is one of the world's most important oil transport chokepoints, carrying about one-fifth of the global oil output
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Sunday assured citizens that India's fuel supply remains stable and secure, after Iran announced move to close the Strait of Hormuz, a key global oil shipping route.
In a post on X, Puri said India has closely monitored the evolving geopolitical situation for the past two weeks and has taken steps under the leadership of Prime Minister Narendra Modi to diversify energy imports.
'We have diversified our supplies in the past few years and a large volume of our supplies do not come through the Strait of Hormuz now," Puri wrote.
We have been closely monitoring the evolving geopolitical situation in the Middle East since the past two weeks. Under the leadership of PM @narendramodi Ji, we have diversified our supplies in the past few years and a large volume of our supplies do not come through the Strait…— Hardeep Singh Puri (@HardeepSPuri) June 22, 2025
'Our Oil Marketing Companies have supplies of several weeks and continue to receive energy supplies from several routes. We will take all necessary steps to ensure stability of supplies of fuel to our citizens," he added.
The Strait of Hormuz is one of the world's most important oil transport chokepoints, carrying about one-fifth of the global oil output.
Iran's parliament on Sunday approved a measure to close the Strait of Hormuz following US airstrikes on its nuclear sites — Fordow, Natanz, and Isfahan — marking a dangerous escalation in the ongoing war between Iran and Israel.
According to top Indian intelligence sources as reported by News18, the closure could lead to a global oil crisis worse than 1973, potentially triggering a global recession. India imports around 5.5 million barrels of crude oil per day, with about 2 million barrels passing through the Strait of Hormuz.
Sources warned that the strait's closure could choke 20–25% of the world's oil and 30% of global LNG trade, leading to oil prices shooting up to $200–$300 per barrel, which would severely impact the global economy.
Meanwhile, Prime Minister Narendra Modi held a 45-minute phone conversation with Iranian President Masoud Pezeshkian on Sunday. Modi expressed deep concern over the recent escalations and stressed the importance of dialogue, diplomacy, and immediate de-escalation.
'India stands for peace and humanity," PM Modi said. He also thanked Iran for helping ensure the safety and return of Indian nationals from the region.
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