The Iranian Parliament has approved a measure to close the Strait of Hormuz, a critical global oil chokepoint, after the United States bombed three nuclear sites in Iran, according to the Iranian

Iran’s threat to close the Strait of Hormuz after US airstrikes on its nuclear sites could trigger a global oil shock, disrupt trade routes and push prices sky-high. With over 60% of its crude coming from the Gulf,

As Iran signals a possible closure of the Strait of Hormuz amid rising military tensions with Israel and the US, global concerns over oil prices and energy security have intensified. But India, though highly import-dependent,