New Delhi, June 25 -- New Delhi is activating an emergency playbook to safeguard its oil supplies, as a fragile truce prevails in West Asia after 10 days of conflict. The strategy involves bypassing the critical Strait of Hormuz in Iranian waters via two pipelines; tapping into the global reserves and portfolios of Abu Dhabi National Oil Co. (Adnoc) and Saudi Arabian Oil Co. (Saudi Aramco); and significantly increasing imports from the US.

The two pipelines, which run east to west across the Arabian peninsula, may be tapped if Iran closes the Strait, a choke point vital for global energy supplies. The first is Adnoc-operated 360-km Habshan-Fujairah strategic oil pipeline with a 1.5 million barrels per day (mbpd) capacity that opens to th...