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Iran's Strait of Hormuz Threat: Impact on India

Iran's Strait of Hormuz Threat: Impact on India

Amid tensions between Iran, Israel, and the US, Iran has suggested it might close the Strait of Hormuz, a vital route for global oil supply. This closure could affect India's energy security, as around 40% of its oil comes from the Middle East, particularly Iraq and Saudi Arabia. However, experts believe the impact may be limited since India also imports significant oil from Russia and other sources not reliant on this strait. A temporary closure could still disrupt oil markets and raise costs globally, but a long-term shutdown seems unlikely due to the economic repercussions for Iran itself.

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