New Delhi [India], June 24 (ANI): As military tensions escalate in the Middle East, experts warn that any move by Iran to close the strategic Strait of Hormuz could significantly disrupt global oil trade and negatively impact the world economy.
Former Indian diplomat KP Fabian noted that India has expressed deep concern over the recent conflict escalation following Israel’s continued strikes and the United States’ bombing of Iranian nuclear sites. He referenced Prime Minister Narendra Modi’s recent telephone conversation with Iran’s newly elected President Masoud Pezeshkian, during which the Iranian leader provided his perspective on the situation in the region.
Fabian stated that while PM Modi did not directly name any country, his diplomatic language conveyed India’s disapproval of the intensifying conflict, particularly the American airstrikes on Iranian targets. “PM Modi has very diplomatically said that India is upset with the escalation. For good diplomatic reasons, the PM didn’t want to name America, nor did he want to name Israel for constantly bombing. But it is clear that India is very much concerned, and India has good reasons to be concerned about,” he said.
Fabian emphasized that any closure of the Strait of Hormuz would disrupt the global crude oil supply chain and lead to broader economic repercussions.
Echoing this sentiment, former Ambassador Anil Trigunayat described the situation as increasingly dangerous. He also pointed to the strategic implications of U.S. involvement in the conflict and highlighted PM Modi’s appreciation for Iran’s cooperation in ensuring the safe repatriation of Indian nationals from the region.
Trigunayat stressed the global implications of closing the Strait of Hormuz, noting that it would not only affect oil supply but also disrupt the movement of other essential goods from the Middle East. “This will affect the supply of oil and other goods traded from the Middle East to the other parts of the world,” he said.
The Strait of Hormuz is one of the most vital maritime chokepoints globally, linking the Persian Gulf with the Arabian Sea and beyond. Approximately 20 percent of the world’s oil supply passes through the narrow waterway, making it a critical artery for global energy markets.
According to CNN, Iran controls the northern side of the strait and its parliament has reportedly passed a motion supporting its closure. However, the final decision rests with Iran’s Supreme National Security Council. (ANI)
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