‘Most expensive’: Iran war, Hormuz closure forces India to pay high prices for LNG
India's energy companies are facing soaring liquefied natural gas (LNG) prices due to disruptions in the Strait of Hormuz caused by the US-Iran conflict. Gail India Ltd. paid over ₹23 per million British thermal units for a September delivery, marking some of the highest prices in years. This situation could lead to increased energy costs for consumers in the near future.