Israel-Iran conflict: India can cut the export of refined products as ... | Today news

India is likely to prepare its export of refined petroleum products to other countries if Israeli-Iran-Iran conflict causes a block in maritime traffic across the street of hormuz, the Bloomberg news agency reported, citing the oil minister of oil, Hardep Singh Puri, on June 19, 2025. Persie prepared. “We have enough shares” of crude and refined products, the oil minister told the News Portal NDTV. “We have enough diversified (RU) supplies,” and “Even if there were disruptions, we could obtain it from alternative sources.” The Strait of Hormuz is a strategically important global trading that promotes almost a quarter of the world’s oil trade. It connects the wave of Oman, the Arabic Sea and the Persian Gulf. The furious concern is due to the ongoing conflict in Israel-Iran. However, there is no progress of Iran, which shows their purpose to disrupt the shipping, according to a separate report of the news agency. Iran’s threat had earlier threatened other countries that he would close the street of hormuz in times of conflict. However, according to the news stories, nothing of this nature has happened so far. Union Minister Puri told the media that India consumed 5.5 million barrels of oil every day, and from that 1.5 million barrels of oil are imported through the water route. “I don’t think this is anything we are unnecessarily concerned about,” says Puri, emphasizing the great offer of crude oil in the current market, quoted by the news agency. Indian exports, as India may consider reducing the refined export of petroleum products to other countries, many countries will be affected as a result of the possible supply of the supply. Indian refineries such as Mukesh Ambani-Owned Reliance Industries, and Nayara Energy Ship the Refined Petroleum Products to countries such as the United Arab Emirates (UAE), Singapore, the United States and Australia. India exports nearly 1.3 million barrels per day in 2025, with the majority share, 82 percent of the export of oil marketing companies such as Reliance and Nayara, the news agency reported, citing KPLer -data.