Iran Crisis: No immediate oil disruption for India; Russia pivot possible if conflict drags on

India is unlikely to face an immediate oil supply crisis despite the reported closure of the Strait of Hormuz, officials said. The country currently has crude stocks to cover 10–15 days and fuel inventories for another 5–7 days. Iran’s state media reported on February 28 that it had shut the strategic waterway in response to US and Israeli strikes.