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India's Economy

A man transports a liquefied petroleum gas (LPG) cylinder in a boat on Dal Lake in Srinagar, Jammu and Kashmir, on April 16, 2026, amid ongoing oil and gas import disruptions related to the Middle East conflict. India is the world's fourth-largest buyer of liquefied natural gas (LNG) and the second-largest buyer of LPG, which is used for cooking and is predominantly sourced from the Middle East. The United States has ordered a naval blockade of Iranian ports in the Strait of Hormuz following the collapse of ceasefire talks with Tehran, leading to a rise in global oil prices above $100 per barrel. Although India's direct imports from Iran are minimal, the disruption affects key Gulf energy flows and increases costs for crude oil, LPG, and LNG shipments. (Photo by Firdous Nazir/NurPhoto)

Photo ID	#13584585
Date Taken	16 April 2026
Location	N/A
Photographer	Firdous Nazir/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Firdous Nazir/NurPhoto

LPG LNG liquefied petroleum gas liquefied natural gas Dal Lake Srinagar Jammu and Kashmir Middle East war oil import disruptions gas import disruptions India fourth-largest buyer second-largest buyer cooking gas Middle East source United States naval blockade Iranian ports Strait of Hormuz ceasefire talks Tehran global oil prices $100 per barrel Iran imports Gulf energy flows crude oil costs LPG shipments LNG shipments energy disruption Firdous Nazir NurPhoto.