Hormuz News | Hormuz Crisis: Global Oil Lifeline Under Threat #NDTV
Hormuz News | Hormuz Crisis: Global Oil Lifeline Under Threat
The Strait of Hormuz-through which roughly 15% of global oil flows-has emerged as the epicentre of a rapidly escalating crisis. Even the threat of disruption is already driving up freight costs, insurance premiums, and energy prices, with economies like India particularly vulnerable due to heavy import dependence. The United States has launched its “Clear Hormuz” mission, deploying destroyers to neutralise mines allegedly laid by Iran’s Islamic Revolutionary Guard Corps, while Tehran continues to assert control over the passage. Confusion persists as allies like the United Kingdom and Australia deny involvement, raising questions over global alignment.
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