The traffic in the Suez canal has been resumed, and oil prices have dropped since then.
India imports around 500,000 barrels per day of crude products via the Suez Canal and is the top importer among China, South Korea, or Singapore. The blockage had threatened the global supply of crude oil as it was earlier predicted that it might take weeks before the huge ship is cleared for movement. However, the container ship has been dislodged, and the shipping route is freed now. On the same day, oil prices dropped by 1 percent in the international market.
Hence, we mark the claim as false as the shipping route has returned to normal easing traffic movement and there was no immediate indication of fuel prices rising in India due to the brief blockade caused by the 'Ever Given.'