Iran Declares Strait Of Hormuz Closed; 50% Of India's Crude Imports At Risk | West Asia War

Описание: Iran has declared the Strait of Hormuz effectively closed, warning that any vessel attempting to pass through could be set on fire. The narrow waterway between Iran and Oman, barely 33 kilometres wide at its narrowest point, carries nearly one-fifth of the world's seaborne crude oil and LNG supplies. At least five tankers have been damaged, two sailors killed, and around 150 ships are stranded near the passage. The blockade directly threatens 50 percent of India's crude oil imports, as the country depends on imports for over 88 percent of its oil needs. Every dollar rise in crude adds nearly 2 billion dollars annually to India's import bill. India imports 80 to 85 percent of its LPG needs largely from Gulf suppliers, almost entirely via Hormuz, while around 60 percent of LNG imports also pass through the strait. A prolonged closure could push crude towards 100 dollars per barrel, raising inflation risk and putting pressure on the rupee.

#StraitOfHormuz #OilCrisis #IndiaOilImports #itwebvideos #Iran #LPGImports #LNGImports #EnergySecurity #ShippingBlockade #CrudeOil #GlobalOilPrices #WestAsiaConflict #IndiaEconomy #InflationRisk #FuelPrices #EnergyMarkets #GulfCrisis #IRGC #TankerAttack #OilSupply #IndiaNews #EnergyLifeline #CookingGas #StrategicReserves #CurrentAccountDeficit #RupeePressure



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