Home / Business and Economy / Iran Conflict Threatens India's Pet Coke Supply
Iran Conflict Threatens India's Pet Coke Supply
4 Mar
Summary
- US-Israel strikes on Iran raise fears of pet coke shipment disruption.
- Indian cement producers heavily rely on pet coke for fuel.
- Supply shocks could force switch to expensive coal or US pet coke.
Joint US-Israel operations targeting Iran have amplified concerns over the stability of petroleum coke (pet coke) shipments from the Persian Gulf to India. Pet coke, a vital component derived from oil refining, is essential for India's burgeoning cement and steel industries.
The geopolitical tensions, particularly around the Strait of Hormuz, pose a significant risk to the transit of pet coke. Kpler, a data analytics firm, highlights that increased risk in this critical energy choke point will likely lead to higher freight costs and a potential lack of insurance for vessels.
