India Energy Tracker — Crisis Dashboard

Brent crude is trading near $100/bbl on Day 70 (May 9, 2026 — 10-week war anniversary), down from a wartime peak of $141.36 (Apr 5). The one-page 14-point US-Iran memorandum of understanding is awaiting Iran's formal response via Pakistani mediators, expected within 48 hours. WTI is around $95. India's monthly oil import bill at this level is approximately $17.5B. Live tracker →

At Brent ~$100/bbl, India's OMCs (IOC, BPCL, HPCL) are absorbing approximately ₹1,750-1,850 Crore per day in under-recovery to keep retail petrol/diesel prices frozen. At the wartime peak of $126/bbl on Apr 30, daily losses hit ₹3,150 Crore. The number is computed as ~₹62.5 Cr/day per $1/bbl above the $72 pre-war baseline, and is auto-synced hourly to live Brent.

Yes. As of Day 70 (May 9, 2026), the Strait of Hormuz remains effectively blocked. Commercial tanker traffic is approximately 3-5 ships per day, down from 129 ships per day pre-war (~96% reduction per S&P Global / UK MTO). The IEA describes this as "the largest supply disruption in the history of the global oil market" — the conflict is removing roughly 14 million barrels per day from global supply. Trump paused "Project Freedom" (the US naval escort mission) on May 6 citing progress on the 14-point MoU — but the blockade itself remains in full force pending Iran's response.

Retail prices remain frozen — petrol at ₹94.77/L Delhi (unchanged since April 2022), diesel at ₹87.67/L. The shock is absorbed by OMCs (~₹1,750-1,850 Cr/day) and the government (₹10/L excise cut, ~₹1.55 lakh Cr fiscal cost annualized). Domestic LPG cylinder: ₹913 Delhi. Diesel container restrictions are active in UP, Maharashtra, MP, Bihar, Jharkhand, and the Northeast. Fuel Watch →

Approximately 9 million+ Indian nationals live and work in the Gulf — UAE (3.5M), Saudi Arabia (2.6M), Kuwait, Qatar, Oman, Bahrain. Of these, 375,000+ have been evacuated since the war began Feb 28, 2026. On May 4, 3 Indian nationals were wounded at the Fujairah oil zone in an Iran drone strike — the first confirmed Iran-war injuries to Indians inside UAE.

The war began on February 28, 2026, when the US and Israel launched "Operation Epic Fury" — 900 strikes in 12 hours that killed Iranian Supreme Leader Ali Khamenei. Iran responded by attempting to close the Strait of Hormuz and launching missile strikes on US bases and Israel. As of May 9, 2026, the war is in Day 70 — its 10-week anniversary, the longest direct US-Iran conflict ever. An April 8 ceasefire was attempted but formally collapsed on May 5 after Iran-UAE missile exchanges; a 14-point MoU is now under Iranian review, with response expected via Pakistani mediators within 48 hours.

India's monthly oil import bill stands at $17.5 billion at Brent ~$100/bbl, up from a pre-war average of ~$14.2 billion. India imports 89% of its crude — the third-highest dependency among major economies. Top suppliers: Russia 35%, Iraq 14%, USA 12%, Africa 12%, Saudi Arabia 10%, Americas 10%, UAE 4%, Kuwait 3%.

Not yet. As of Day 70 (May 9, 2026), Iran is expected to deliver its formal response to the one-page, 14-point MoU via Pakistani mediators within 48 hours. FM spokesperson Baqaei: "at this stage, no nuclear negotiations" — Iran wants the uranium-enrichment moratorium deferred until after ceasefire and Hormuz unwind. Negotiations to be held in Islamabad or Geneva. Trump has restated the threat that Iran will be "bombed at a much higher level and intensity than before" if it rejects. Deal architecture: 30-day post-MoU window for Hormuz reopening, sanctions phase-out, frozen-funds release, and (deferred) uranium moratorium.