The Iranian Parliament has signaled it could close the Strait of Hormuz, a strategic waterway just 34 km wide. This narrow passage carries about 30% of the world’s oil and roughly a third of global liquefied natural gas, making it a central hub of international energy trade. A closure could trigger a major disruption in global markets, potentially causing oil prices to spike and impacting economies worldwide.
For India, nearly 20% of its imported oil passes through this corridor. If Iran blocks it in response to U.S. strikes on its nuclear facilities, domestic fuel prices could rise sharply. The situation raises pressing questions: How prepared is India? What steps will the U.S. take? Could China or other nations intervene? This tiny 33 km waterway has the power to influence everything from fuel costs to flights and monthly household budgets.
