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PREMIUM

Geopolitics & India’s fragile energy dependence

Multi-alignment is the bridge to use as we progress towards self-reliance

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Not desirable: Over-dependence on any corridor or supplier is a liability. iStock

THE US-Israeli strikes on Iran and its Gulf-wide retaliation have rendered the Strait of Hormuz near-impassable, with Brent crude surging past $90 a barrel and global energy markets experiencing their most severe disruption since the 1970s. Given India's heavy dependence on imported oil and gas, this poses an immediate challenge to our energy security, economic growth and household energy costs.

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