West Asia stability could ease costs for Indian industries reliant on Strait of Hormuz trade

A return to normal conditions in West Asia could ease pressure on Indian industries that depend heavily on trade routes connected to the Strait of Hormuz. The reliance extends beyond crude oil and fertilisers to petrochemicals, plastics, metals and other industrial raw materials, lowering freight costs and improving supply certainty if risks subside. In some categories, exposure is particularly high, including silver at more than 91%, copper wire at nearly 88%, aluminium at over 67%, methanol at more than 96% and ethylene glycol at more than 99%. The assessment is based on a Moneycontrol analysis.