Iran has raised the possibility of closing the Strait of Hormuz, a narrow waterway that carries a huge share of the world’s oil and liquefied natural gas. Because so much global energy trade passes through this corridor, any disruption could spike fuel prices and rattle international markets.
For countries like India that rely heavily on imported energy, a shutdown would likely raise transport and living costs. Analysts warn that tensions around the strait are not just regional — they could quickly ripple through the global economy, affecting oil supply, trade stability, and geopolitical balance.
