For India, the concerns go beyond crude oil. More than 80% of the country’s LPG supplies transit through the Strait of Hormuz. With tensions escalating and Tehran threatening closure, LPG shipments could face severe disruption, triggering a sharp spike in domestic prices. India consumed approximately 38–39 million tonnes of LPG last year, with the majority of it sourced from West Asian nations and routed through this narrow passage. As the world’s second-largest LPG consumer, India may now be forced to ramp up imports from Russia to stabilise supplies. The economic ripple effects are already visible. Insurance premiums for vessels navigating the region have begun to rise amid geopolitical uncertainty. Higher freight and insurance costs could further strain India’s import bill, weaken the rupee, and widen the current account deficit.