Editorial photo #13494299 Economy, Business and Finance
Fear Of Fuel Shortage Triggers Panic Buying In Kashmir, India
An employee fills a car fuel tank with petrol at an Indian Oil Corporation fuel station in Srinagar, Jammu and Kashmir, on March 25, 2026. Concerns over potential supply disruptions linked to the ongoing conflict involving the United States, Israel, and Iran have led to long queues at petrol pumps across Kashmir, despite authorities stating there are no shortages. The situation is driven by fears of disruptions in global oil supply, particularly through the Strait of Hormuz, a key transit route for a significant share of India's crude imports. Recent data indicates that approximately 40% of India's oil imports have traditionally passed through this route, making it sensitive to geopolitical tensions. (Photo by Firdous Nazir/NurPhoto)
