India faces potential impact as Trump seeks 20% levy on Hormuz cargo
US President Donald Trump has called for a 20% surcharge on all goods moving through the Strait of Hormuz. Given that India relies heavily on this shipping route, the country is expected to be impacted by the new fee. This policy would increase the final cost of oil for Indian refineries, potentially squeezing their profit margins and leading to higher fuel prices for consumers.
by shortkt.com✓