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      Question

      According to Moody’s report, approximately what

      percentage of India’s LPG usage passes through the Strait of Hormuz? 
      A 60% Correct Answer Incorrect Answer
      B 75% Correct Answer Incorrect Answer
      C 80% Correct Answer Incorrect Answer
      D 90% Correct Answer Incorrect Answer
      E 95% Correct Answer Incorrect Answer

      Solution

      Moody’s report highlighted that India imports about 60% of its Liquefied Petroleum Gas usage, of which 90% passes through the currently impacted Strait of Hormuz. The prolonged USA-Iran confrontation and shipping blockades in West Asia are expected to threaten the supply of crude oil and LNG, keeping energy costs high.

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