The near shutdown of the Strait of Hormuz is beginning to ripple through the global economy, threatening energy supplies, raising fuel prices, and reshaping geopolitical dynamics. India, for example, relies heavily on energy shipments through the strait but has far smaller strategic reserves than countries like China or the United States. "For India, this is an acute crisis,” says former White House energy adviser Bob McNally, noting that the country also depends on liquefied petroleum gas from the region for cooking fuel. #india #globaloil #gasprices #straitofhormuz