On June 22, 2025, Iran’s Parliament approved the closure of the Strait of Hormuz amid rising tensions with the US. Final clearance is pending from Iran’s Supreme National Security Council. This strategic waterway handles 20% of global oil and gas flow. India, a key importer, faces potential price hikes but remains relatively shielded due to diversified sourcing and diplomatic readiness.

BulletsIn

• Iran’s Parliament backs Strait of Hormuz closure; final nod awaited
• Strait handles 20% of global oil, crucial for Gulf exports
• India imports 2 million barrels/day via this route—about 36% of total
• LNG and crude supplies to Asia, incl. India, China, Japan at risk
• India shielded via alternate sources: Russia, US, Brazil, West Africa
• Qatar LNG may still reach India via alternate shipping routes
• Analysts warn crude prices may hit $80/barrel in near term
• India has 9–10 days of oil in strategic reserves for emergencies
• Govt may offer fuel subsidies to control inflation if needed
• Indian fuel retailers may face pressure if global prices surge