Industry executives said India should be able to source alternative crude and LNG supplies, albeit at higher prices. LPG supplies, however, which depend heavily on imports from the Gulf, could again come under strain. One executive also warned that the renewed conflict has introduced deeper uncertainties at a time when global inventories have already been depleted after months of stock drawdowns.

The West Asia conflict has adversely affected the LNG market across Asia, leaving South Asian countries grappling with severe shortages. India alone is facing an estimated LNG…

Industry executives said India should be able to source alternative crude and LNG supplies, albeit at higher prices. LPG supplies, however, which depend heavily on imports from…