In a dramatic escalation that transcends a mere regional reprisal against the United States, Iran’s parliamentary approval to potentially close the Strait of Hormuz marks a high-risk geopolitical move with far-reaching consequences—not just for the region, but for the stability of the global economy.
Analysts aver that the Strait of Hormuz is critical to global energy supply. It is the source of nearly a third of the world’s oil and natural gas.
It shows the power struggles in the Middle East. The Middle East is already shaken up with issues starting from Israel’s military campaigns in Gaza and Lebanon to Iran’s aggressive strategic responses.
The threat to close the Strait of Hormuz is a show of strength from Iran and a response to US’s aggression. But the move is fraught with risk. China, according to reports, is its biggest oil customer. Such a decision could distance itself from China and may prompt military response from the US and its allies.
A prolonged disruption in the Strait of Hormuz will unavoidably increase fuel costs, strain supply networks, and cause fuel inflation—not just in South Asia, but globally as well—despite India’s diversification of its energy supplies. Furthermore, if oil tankers are stopped, markets are unlikely to stay calm even though authorities like Petroleum Minister Hardeep Singh Puri have reassured them.
Iran’s threat to shut the Strait of could be a strategic message. It is intended to stoke global concerns and bring the world’s powers to the negotiating table.
Yet, even the faintest shadow of closure casts a powerful spotlight on how a slim ribbon of disputed water holds the world’s energy lifeline in its grasp, proving just how fragile and interconnected today’s geopolitical landscape truly is.
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