Iran-Hormuz Crisis: Why One Sea Route Can Hit India’s Fuel Prices
The Iran-Hormuz crisis matters for India because the Strait of Hormuz is not an ordinary sea route. It is one of the world’s most important energy chokepoints, sitting between Iran and Oman and connecting the Persian Gulf with the Arabian Sea. In 2024, around 20 million barrels per day of oil moved through it, equal … Read more