New Delhi, June 20 -- India plans to source crude oil from outside the Persian Gulf and to cut its own refined‑product exports, Oil Minister Hardeep Puri said Thursday, as a potential blockage of the Strait of Hormuz looms.

About a quarter of the world's oil trade passes through the narrow waterway, which links the Gulf to the Indian Ocean. Market watchers worry that Iran could attack tankers transiting Hormuz, or close the strait altogether, amid its escalating conflict with longtime adversary Israel.

"We have enough diversified supplies of crude, and even if there were to be a disruption, we can source it from alternative suppliers," Puri told NDTV.

"I don't think this is something we are unduly worried ...