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Hormuz energy shock could add $22 billion to India's fossil-fuel import costs
India
First seen: Aug 31, 2026, 2:46 AM UTCUpdated: Aug 31, 2026, 8:46 AM UTC
WHAT HAPPENED
A report estimates India could face an additional $22 billion in fossil-fuel import costs amid an energy shock affecting the Strait of Hormuz.
SO WHAT?
Higher fuel-import costs could worsen India's trade balance, inflation and energy security.
FOR ME
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