Will India be hit if Iran closes Strait of Hormuz? How will West Asia war impact trade?

Will India be hit if Iran closes Strait of Hormuz? How will West Asia war impact trade?

With the US inserting itself in the Israel-Iran conflict, more uncertainty grips the world. The Islamic Republic has threatened to close the Strait of Hormuz, a key oil supply route. With global oil prices rising, will India feel the pinch? What else should the everyday Indian be worried about with no end to the war in sight?

Oil tankers pass through the Strait of Hormuz. Iran has threatened to close this key oil supply route after US attacked its nuclear sites on Sunday (June 22). File photo/Reuters