The Iran war is now spreading far and wide. Its impact on the geoeconomy is now visible here in India. India imports almost 80 per cent of its gas, most of which passes through the Strait of Hormuz. With billows of barrels stuck as Iran decides to choke the oil artery of the world, the Indian kitchen is starting to face the heat. Though the crisis may not be here yet, one can see it coming should the war prolong for a month or more. With reports of LPG supply being restricted, if not completely cut, in Mumbai and Bengaluru, the fear of uncertainty is gripping people. Reportedly, even in Delhi the online gas booking lines are not working, adding to the panic. Meanwhile, the Government has invoked ESMA, a right move, to ration supply, and strict action against hoarding is a move in the right direction.........

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