Paper: GS-II, Subject: International Relations, Topic: Global Issues, Issue: Strait of Hormuz
Context:
The Israel-Iran conflict is closely watched by the global energy market, as West Asia especially the Strait of Hormuz plays a key role in international oil and gas flows. Indian refiners are concerned, as disruptions in the region could lead to higher prices, impacting India.
Strategic Importance of the Strait of Hormuz for India:
The Strait of Hormuz is essential for India’s oil and gas imports due to its strategic significance, reliance on Gulf energy supplies, and the economic implications of geopolitical tensions. Understanding the dynamics of this critical waterway is crucial for India’s energy security and economic stability.
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