Trait of Hormuz at Risk: How Iran’s Threat Could Disrupt Global Oil
In a move that could redefine global energy dynamics, Iran’s Parliament has approved legislation to authorize the closure of the Strait of Hormuz, a critical oil transit route. While the final decision rests with Iran’s Supreme National Security Council, tensions are escalating quickly following recent US airstrikes on Iranian military sites. Here’s what this potential blockade could mean for India, Iran, and the global economy, broken down into four key points. 1. What Is the Strait of Hormuz and Why Is It Critical? The Strait [...]