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3 months ago General
Decode with Sudhir Chaudhary: The Strait of Hormuz remains under heavy military monitoring after the Iran conflict escalated. US Navy forces are continuously checking ships moving through the route as fears of a larger oil disruption grow worldwide. Since the attacks on Iran earlier this year, oil movement through Hormuz has slowed sharply. Nearly 20 percent of the world’s oil passes through this route, while India imports almost 50 percent of its crude oil through the Hormuz corridor. With supply disruptions continuing for over 80 days, India is now rapidly exploring alternative oil partnerships.
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