India's oil reserves could last only 12 days amid Iran-Israel tensions

A senior diplomat has warned that India could be severely impacted by a potential full-scale war between Iran and Israel. India’s oil reserves are estimated to last only 12 days, with additional refinery supplies extending this to 18 days. The diplomat emphasized that any disruption in the Strait of Hormuz, a key oil transit route, would primarily affect countries reliant on oil imports, including India. He noted that both Iran and Israel appear to be de-escalating tensions to avoid a broader conflict. Despite recent attacks, the situation remains fluid, with both nations facing internal challenges. The diplomat suggested that both countries are seeking to avoid direct confrontation while managing their respective economic difficulties.