Hormuz Under Iran’s control: Does India have adequate oil reserve? Check impact on current account deficit
- Posted on March 4, 2026
- By Financial Express
- 4 Views
Hormuz Under Iran’s control: Does India have adequate oil reserve? Check impact on current account deficit
As Iran claims control over the Strait of Hormuz amid escalating Israel-Iran tensions, crude prices near $84 per barrel have raised concerns over India’s current account deficit, fiscal health and rupee stability.
