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News India Live, Digital Desk: Tension in the Middle East has now reached its peak. The world’s most important maritime trade artery, Strait of Hormuz But amid Iran’s increasing control and threats of blockade, America has decided to launch a major military operation. According to latest reports, the Pentagon has doubled its military presence in the Gulf region to prevent disruption of the global oil and gas supply chain.
Gulf of Hormuz: Why are two superpowers clashing here?
The Strait of Hormuz is the narrowest passage in the world through which almost all of the global crude oil flows. 20% to 30% Business happens. Iran had in recent days threatened to close this route and seize foreign ships.
America’s military pressure: America has deployed its aircraft carriers and missile destroyers at strategic points.
Iran’s counter siege: Iran has also deployed anti-ship missiles in coastal areas, keeping its Revolutionary Guards (IRGC) on high alert.
The Pentagon’s ‘Plan B’: War or Peace?
The US Defense Department is under immense pressure from global powers and to protect its domestic economy.
Supply Chain Security: If the Strait of Hormuz is closed, there will be a fuel shortage all over the world, which could lead to uncontrolled inflation.
Support of allied countries: America is trying to garner the support of Britain, France and other Gulf countries in this military push so that a joint task force can be formed.
Iran’s steadfast stance: Iran says that until the sanctions imposed on it are lifted and Israel-Iran tension is reduced, it will not reduce its activity in the Gulf.
What will be the impact on India and the world?
India depends on this route for its energy needs.
Crude Oil Prices: The mere news of this military conflict has started increasing the prices of crude oil (Brent Crude).
Shipping Insurance: Due to the increasing danger in the Gulf region, insurance of sea ships has become expensive, which will increase the cost of import and export.