A war raging thousands of miles away is tightening its grip on India’s economy, as surging oil prices and acute gas shortages ripple from kitchens to factory floors, threatening growth and stoking fresh inflation fears. India — among the most exposed major economies to the West Asia crisis — imports about 90% of its crude oil and nearly half of its liquefied petroleum gas (LPG). With the Strait of Hormuz now effectively shut by Iran, roughly half of India’s crude and over three-fourths of its LPG imports have been disrupted, sending oil prices soaring past $100 a barrel.