DevelopingGeopoliticalStrait of Hormuz, Iran US tension, crude oil supplyCriticalBy Kumar Singh0 views
Iran's Guards Claim Four Tankers Destroyed Near Hormuz as Trump Weighs a 'Heavy Hit'
Iran's Revolutionary Guards said four tankers that used a banned route south of the Strait of Hormuz hit mines and were burning, and two more ships were stopped. US President Trump said a large strike on Iran is under consideration. The claims had not been independently verified.
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India imports most of its crude through this route. Any new disruption at Hormuz raises India's oil bill, presses the rupee near 94.5 per dollar and feeds fuel inflation, which RBI watches closely. Qatar-led mediation proposals are still under review by both sides.