The West Asia conflict that disrupted Strait of Hormuz shipping in late 2025 is not a conventional oil price shock. It simultaneously elevated LNG prices (hitting fertiliser feedstock costs), spiked HRC steel prices, triggered a urea supply crisis, and pushed diesel above Rs 90/litre in key freight corridors. Each of these shocks independently improves the economics of electrification, green hydrogen, and domestic renewable power. Together, they have compressed decisions that Indian industrial companies thought were a decade away into the next capital planning cycle.