US-Israel Strikes on Iran Raise Concerns Over Strait of Hormuz Oil Supply Risks

The recent US and Israeli military strikes on Iran have heightened concerns over potential disruptions to global oil supplies, particularly through the Strait of Hormuz, a critical chokepoint for about 20% of the world's crude oil and roughly half of India's monthly imports. Analysts warn that any blockade or conflict escalation could push oil prices higher, impacting India's economy significantly. While alternative pipelines exist, their limited capacity may not fully offset supply risks. The situation remains fluid, with markets closely monitoring developments.