Strait of Hormuz

Iran-Hormuz Crisis: Why One Sea Route Can Hit India’s Fuel Prices

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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

Hormuz Oil Crisis: Why One Sea Route Can Shake India’s Fuel Prices

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Hormuz Oil Crisis: Why One Sea Route Can Shake India’s Fuel Prices

The Strait of Hormuz is one of the most important oil transit routes in the world because a huge share of global petroleum trade moves through this narrow sea passage. The U.S. Energy Information Administration reported that oil flow through the Strait of Hormuz averaged 20 million barrels per day in 2024, equal to about … Read more