Fuel and remittances: How Iran conflict hits India at home

Nearly half of India's crude oil imports - along with a large share of its liquefied natural gas and liquefied petroleum gas shipments - normally pass through the Strait of Hormuz, the narrow Gulf chokepoint now effectively closed by the conflict. Kenya breaking news | Kenya news..

✨ Key Highlights

The conflict involving Iran is starting to impact India significantly, threatening its energy supplies, remittance flows, and diaspora safety.

Nearly half of India’s crude oil, LNG, and LPG shipments pass through the Strait of Hormuz, which is currently disrupted by conflict.
Approximately 10 million Indians live and work in the Gulf region, sending home record remittances, which are vital for India’s economy.
The crisis also impacts India’s strategic investments, such as its involvement with the Chabahar port in Iran.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article

Related News

Football Royalty at the White House Trump Salutes Messi and Ronaldo

Video

New

Football Royalty at the White House Trump Salutes Messi and Ronaldo

The Star (Youtube)

1h ago

top2h ago

Duale Hits Back at Teachers Amid Looming Strike Over SHA

Health Cabinet Secretary Aden Duale has refuted claims by teachers' unions that the Social Health Authority (SHA) is failing, stating that thousands of educators have already accessed treatment under the scheme.

Kenyans

📰 Read Full Story

top11h ago

Ramadhan spirit inspires companies, firms, individuals to share

The spirit of Ramadhan is inspiring widespread acts of charity and community sharing across Kenya, with individuals, corporations, and government departments actively participating in initiatives.

The Standard

📰 Read Full Story