india may negotiate iran backed oil corridors as hormuz recovery looks distant moodys

The article describes a supply disruption at the Strait of Hormuz, a critical chokepoint for global oil and LNG. The channel is supply_shortage: reduced tanker traffic creates scarcity for crude and LNG, pushing Brent prices higher. Impact is global but especially severe for net importers like India, which faces higher import costs, inflation, and lower GDP growth. Moody's expects Brent to stay elevated (USD 90-110/bbl). Winners: alternative crude exporters (e.g., US, Russia via other routes), LNG exporters with spare capacity. Losers: Indian refiners, Indian consumers, and any country reliant on Hormuz transit.