US-Israel Strikes on Iran Raise Risks to Strait of Hormuz and Global Oil Supplies

The US and Israel launched coordinated strikes on Iran on February 28, escalating tensions in the Middle East and raising concerns over disruptions to global oil supplies, particularly through the Strait of Hormuz. This narrow waterway, critical for about 20% of the world's crude oil and nearly half of India's imports, faces risks of blockade or conflict-related interruptions. Analysts warn that any disruption could drive oil prices higher, impacting India's energy security and economy. India is exploring alternative supply routes, but capacity limits and geopolitical complexities remain challenges.