1
On February 28, 2026, Iran closed the Strait of Hormuz. The closure disrupted 20% of global oil supplies and significant volumes of liquefied natural gas, with analysts forecasting prices could reach $100 per barrel if disruptions persisted, as per the CNBC Report.
For India, the consequences were immediate and severe. India imports nearly 85% of its crude oil, and a large share of it passes through that very strait.
Within weeks, something unexpected started happening in workshops across Bengaluru and Gurugram.
Vehicle owners,…
