Qatar LNG halt could hit India’s industry as crude buffers buy only time

Crude may be safe, but gas shortages are next shock

India’s crude oil buffers may cushion the economy from an Iran-Israel fallout, helped by diversified crude imports that reduce Hormuz-linked risk. But the bigger immediate threat is gas: Qatar’s LNG production halt, India’s largest gas supply source, is already forcing cuts in industrial supplies, raising pressure on key sectors.