#StraitofhormuzcloSure

US President Donald Trump also said that the Chinese President Xi Jinping offered his help to reopening the Strait. The two leaders met in Beijing, marking the first visit by a US President since 2017.

India had to import cargoes from Oman, Nigeria, and the US to partially bridge the gap. The disruption in global supplies has also not been as acute as initially anticipated, although the system has been under stress.

Iran oil exports plunge as US blockade halts shipments, forcing crude onto tankers and raising global supply concerns amid Strait of Hormuz disruption.

The key to increasing the share of natural gas in India’s energy mix is to widen its sourcing and distribution

While two and three-wheeler exports jumped by 26%, exports of cranes, lifts & winches slipped 22%, medical and scientific instruments 18%, bicycle & parts 9%, and hand tools & cutting tools declined by 10%.