🦋͜͢͡𝄟⃝ғͥғɪᴄͣɪͫ͢͢͢ꫝʟ _𝓚𝓲𝓬𝓬𝓱𝓪 𝓐𝓴𝓴𝓪🦋
Tensions between the USA and Iran have escalated, with Iran threatening to close the strategic Strait of Hormuz until 2029 if its demands, including compensation and withdrawal of US troops, are not met. This vital waterway facilitates global oil transport, and its blockage could severely disrupt supply. Consequently, Brent crude prices have risen towards $88 per barrel. For India, which relies heavily on imports, prolonged high oil prices could increase the import bill, leading to potential hikes in petrol and diesel rates, transport costs, and overall inflation, impacting household budgets.
https://zeenews.india.com/hindi/zeeodisha/trending/iran-threatens-to-shut-strait-of-hormuz-till-2029-what-it-means-for-india/3286206