{
  "as_of": "2026-10-23",
  "records": [
    {
      "market": "India",
      "kind": "Chokepoint",
      "level": "Live",
      "title": "Strait of Hormuz disruption, 2026",
      "text": "The Saudi LPG benchmark rose about 46% between February and June 2026. India raised cylinder, petrol and diesel prices, with the government absorbing part of the rise.",
      "hits": "Oil, LPG, LNG",
      "source_name": "Oil ministry statement, via All India Radio, June 2026",
      "source_url": "https://newsonair.gov.in/lpg-cooking-gas-price-increased-by-%e2%82%b929-per-14-2-kg-cylinder/",
      "tier": 1
    },
    {
      "market": "India",
      "kind": "Import dependence",
      "level": "Building",
      "title": "Most crude and a large share of gas come from abroad",
      "text": "Gas import dependence rose from 28% in 2011-12 to 46% in 2023-24, and India imports about 85% of its crude oil.",
      "hits": "Oil, gas, fertiliser",
      "source_name": "PRS Legislative Research, Demands for Grants 2026-27 (PPAC data)",
      "source_url": "https://prsindia.org/files/budget/budget_parliament/2026/DfG_Analysis_2026-27-PNG.pdf",
      "tier": 2
    },
    {
      "market": "India",
      "kind": "Export controls",
      "level": "Live",
      "title": "Rare-earth export licences",
      "text": "Since April 2025 China requires licences to export seven medium and heavy rare earths, including the dysprosium and terbium used in electric motor magnets.",
      "hits": "Electric vehicles, wind turbines",
      "source_name": "China Ministry of Commerce, Announcement No. 18 of 2025",
      "source_url": "https://english.mofcom.gov.cn/Policies/AnnouncementsOrders/art/2025/art_0dd87cbee7b045bf93fabe6ab2faceee.html",
      "tier": 1
    },
    {
      "market": "India",
      "kind": "Concentration",
      "level": "Building",
      "title": "Solar equipment comes from one country",
      "text": "China holds over 80% of every stage of solar panel manufacturing, from polysilicon to modules.",
      "hits": "Solar",
      "source_name": "IEA, Solar PV Global Supply Chains (2022)",
      "source_url": "https://www.iea.org/reports/solar-pv-global-supply-chains/executive-summary",
      "tier": 1
    },
    {
      "market": "India",
      "kind": "Capital and time",
      "level": "Watch",
      "title": "Decade-long builds tie up capital",
      "text": "The prototype fast breeder at Kalpakkam reached first criticality in April 2026, about two decades after construction began.",
      "hits": "Nuclear, hydro, pumped storage",
      "source_name": "Department of Atomic Energy",
      "source_url": "https://dae.gov.in/prototype-fast-breeder-reactor-at-kalpakkam-tamil-nadu-attains-first-criticality",
      "tier": 1
    },
    {
      "market": "India",
      "kind": "Weather",
      "level": "Watch",
      "title": "The monsoon swings the system",
      "text": "An early, strong monsoon in 2025 cut cooling demand and coal burnt for power, leaving India's energy emissions flat for the first time since the 1970s.",
      "hits": "Coal, hydro, grid",
      "source_name": "IEA Global Energy Review 2026",
      "source_url": "https://www.iea.org/reports/global-energy-review-2026/key-findings",
      "tier": 1
    },
    {
      "market": "World",
      "kind": "Chokepoint",
      "level": "Live",
      "title": "Strait of Hormuz disruption, 2026",
      "text": "Gulf oil, LPG and LNG exports were disrupted; the Saudi LPG benchmark rose about 46% between February and June 2026.",
      "hits": "Oil, LPG, LNG",
      "source_name": "Indian oil ministry statement, via All India Radio, June 2026",
      "source_url": "https://newsonair.gov.in/lpg-cooking-gas-price-increased-by-%e2%82%b929-per-14-2-kg-cylinder/",
      "tier": 1
    },
    {
      "market": "World",
      "kind": "Concentration",
      "level": "Building",
      "title": "Solar manufacturing in one country",
      "text": "China holds over 80% of every stage of solar panel manufacturing, from polysilicon to modules.",
      "hits": "Solar",
      "source_name": "IEA, Solar PV Global Supply Chains (2022)",
      "source_url": "https://www.iea.org/reports/solar-pv-global-supply-chains/executive-summary",
      "tier": 1
    },
    {
      "market": "World",
      "kind": "Export controls",
      "level": "Live",
      "title": "Rare-earth export licences",
      "text": "Since April 2025 China requires licences to export seven medium and heavy rare earths, including those in permanent magnets.",
      "hits": "Electric vehicles, wind, defence",
      "source_name": "China Ministry of Commerce, Announcement No. 18 of 2025",
      "source_url": "https://english.mofcom.gov.cn/Policies/AnnouncementsOrders/art/2025/art_0dd87cbee7b045bf93fabe6ab2faceee.html",
      "tier": 1
    },
    {
      "market": "World",
      "kind": "Build-out",
      "level": "Building",
      "title": "Clean supply is being added at record pace",
      "text": "A record 800 GW of renewable capacity was added in 2025, three-quarters of it solar, with almost 110 GW of batteries and over 12 GW of nuclear construction starts.",
      "hits": "Grids, storage, equipment makers",
      "source_name": "IEA Global Energy Review 2026",
      "source_url": "https://www.iea.org/reports/global-energy-review-2026/key-findings",
      "tier": 1
    }
  ]
}