📈 Stocks & Economy🇮🇳 India
Strait of Hormuz Disruption Could Stay Until 2027 — and India's Energy Bill May Keep Climbing
CNBC·Friday, 10 July 2026
Prediction market Kalshi now puts only a 43% chance that Strait of Hormuz shipping traffic returns to normal by December 1. Traders expect the disruption linked to US-Iran tensions to stretch well into 2027. Gas prices are also predicted to stay above $3.50.
Why It Matters
India imports roughly 85% of its crude oil, and a significant share moves through the Strait of Hormuz. A prolonged blockage means higher import costs, which feeds directly into fuel prices and inflation for ordinary Indians.
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