New Delhi, June 13 -- Indian policymakers are concerned about likely crude oil supply disruptions in the Strait of Hormuz - a key supply route for West Asian oil for the world's third-largest buyer - but are prepared for any eventuality after Israel's latest attacks on Iran sent oil prices surging to a two-month high, two people with knowledge of the developments said.
India is particularly at a disadvantage given that it imports almost 90% of its energy requirements, of which half comes from West Asian countries including Saudi Arabia, Iraq, Kuwait and the UAE.
Brent prices surged over 10% overnight and traded at about $74 per barrel, higher by 7.6% from its previous close, and way above $60 per barrel in May.
Israel launched airstrik...
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