Hormuz crisis: India’s oil stock down 15% since US-Iran war – here’s what it means

 Analysts believe that if supply disruptions persist for an extended period, refiners may eventually have to scale back refinery runs or reduce crude processing activity. They say this could partly explain Prime Minister Narendra Modi urging citizens to conserve fuel. Analysts believe that if supply disruptions persist for an extended period, refiners may eventually have to scale back refinery runs or reduce crude processing activity. They say this could partly explain Prime Minister Narendra Modi urging citizens to conserve fuel.