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Oil prices surged past $100 per barrel, reaching as high as $114, before declining following reports of potential G7 strategic reserve releases and Aramco spot sales. Energy and shipping expert Ajay Singh, advisor to a Japanese corporation based in Tokyo, explains the volatility stems from the Strait of Hormuz blockage, through which 20-25% of the world's oil and gas flows. No oil and gas is currently being exported from the Persian Gulf, causing market alarm. Singh notes that while commercial and strategic reserves exist globally, markets are pricing in a protracted conflict. India faces significant exposure, particularly for LPG where dependence on the Persian Gulf reaches 85-90%. Singh suggests the government's announced 74 days of stocks provides reasonable protection. He indicates that ending the conflict or achieving a political settlement between Tehran, Washington, and Jerusalem is essential to calm markets, with military degradation of Iranian capabilities expected to take four to six weeks. #OilPrices #StraitOfHormuz #EnergyCrisis #itwebvideos #CrudeOil #PersianGulf #OilSupply #GlobalMarkets #MiddleEastConflict #India #LPG #LNG #StrategicReserves #EnergySecurity #OilVolatility #G7 #SaudiAramco #Iran #Shipping #WestAsia #GeopoliticalCrisis #OilShock #EnergyExpert #Tokyo #RedSea #Houthis #MarketVolatility #OilExports #FuelPrices #GlobalEconomy #EnergyCrisis2025 Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video. All you need to do is PRESS THE BELL ICON next to the Subscribe button! India Today TV is India's leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more. Stay tuned for latest updates and in-depth analysis of news from India and around the world! For more updates, subscribe our channel: / @indiatoday For LIVE updates, analysis, and expert opinions — only on India Today https://youtube.com/live/sYZtOFzM78M https://youtube.com/live/lNe8hisFwMM NewsToday with Rajdeep sardesai: • NewsToday With Rajdeep Sardesai (2026) India First with Gaurav Sawant: • India First With Gaurav Sawant To The Point with Preeti Choudhry: • To The Point | Preeti Choudhry NewsTrack with Marya Shakill: • NewsTrack with Marya Shakil WhatsApp Channel: https://whatsapp.com/channel/0029Va2A... Download App: https://indiatoday.link/wHaj Follow us: Official website: https://www.indiatoday.in/ Twitter: / indiatoday Facebook: / indiatoday