•India faces a fuel shortage crisis due to the closure of the Strait of Hormuz and West Asia conflict.
•Plans to procure crude oil from Russia are jeopardized as State Bank of India (SBI) refuses to process payments.
•SBI fears US sanctions and potential damage to its significant 26% international loan portfolio in America.
•The bank is apprehensive about the temporary 30-day 'special concession' granted by US President Donald Trump.
•Failure to secure cheap Russian oil could lead to skyrocketing fuel prices in India; government explores alternative payment systems like Rupee-Ruble trade.
