Key Highlights
- India imports nearly 90% of its crude oil needs.
- The Strait of Hormuz is crucial, with 20-25% of the world's crude oil supply passing through it daily.
- The Strait is a narrow waterway at the entrance of the Persian Gulf, just 21 miles wide at its narrowest point.
- Tensions have escalated due to recent US-Israel military actions against Iran.
- Closure of the Strait could significantly impact global oil markets.
