Explained | Strait Of Hormuz Closed: Fallout For India’s Oil, LPG & Global Markets

The Strait of Hormuz — the world’s most critical energy chokepoint — is now closed amid escalating tensions involving Iran, the United States and Israel. Nearly 20% of global oil supply flows through this narrow 33-kilometre passage. With shipments disrupted, global energy markets are on edge. What does this mean for oil prices, LNG supplies and inflation worldwide? And how exposed is India, which relies heavily on imported crude and gas? In this explainer, we break down the economic consequences, the risks to fuel prices and the broader market impact now unfolding.