Strait of Hormuz: Hormuz is India's lifeline, 2 million barrels of crude oil arrive every day

Strait of Hormuz: The war going on between Iran and Israel for the last 10 days has now taken a dangerous turn. The latest news is that the Iranian Parliament has decided to close the Strait of Hormuz. This is the same bay through which oil is supplied to a large part of the world. If this route is closed, then the energy security of countries like India along with the global economy can also suffer a major setback.

Iran's warning now turns into a decision

The situation worsened further after the US attacked three nuclear bases of Iran on the night of 21-22 June 2025. Iran had already warned several times to close the Strait of Hormuz, but now this decision has been taken in the Parliament. However, the final seal will be put by Iran's Supreme Leader Ayatollah Ali Khamenei.

Threat to India's energy supply

According to the Economic Times report, 5.5 million barrels of crude oil are imported every day from the Strait of Hormuz, out of which India alone imports 2 million barrels of crude oil from this route. In such a situation, if this route is closed, then India's energy supply will be badly affected. Oil prices in the country can rise drastically and the wave of inflation can intensify.

Experts warn: Oil prices can reach $ 100

JNU professor Laxman Kumar Behera says that the closure of this bay will cause an earthquake in the global energy market. India's energy security will be directly affected and crude oil prices can skyrocket. At the same time, retired Navy officer Captain DK Sharma said that if the route of oil transport is changed, then oil will become more expensive due to increased shipping cost and insurance premium. Due to this, crude oil prices can increase from $ 80-90 per barrel to $ 100.

Global impact and investors' concerns

The Strait of Hormuz is a lifeline not only for India but also for many Gulf countries like Saudi Arabia, Iraq, Kuwait. Increasing tension here will not only lead to fluctuations in the currency market, but investors will also start looking for safe markets due to instability. The report of the International Energy Agency shows that even a slight obstruction in the Strait of Hormuz can shake the global oil market.