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News India Live, Digital Desk: Amidst the sounds of the ongoing war in the Gulf countries, Iran has made its stand clear regarding the ‘Strait of Hormuz’, which is considered the lifeline of global maritime trade. Despite America’s tough stance and the final ultimatum given by Donald Trump, Iran has counterattacked instead of bowing down. Tehran has made it clear that it is ready to keep the passage of the Strait of Hormuz smooth, but for this it has set such a strict condition that has created panic from Washington to European countries.
After all, what is the ‘only condition’ of Iran?
Iran’s strategists and military leadership say they are in favor of protecting international waterways, provided their own national interests are not harmed. Iran has placed a condition that trade ships will be given safe passage through the Strait of Hormuz only if Western countries completely remove the stringent sanctions imposed on its economy and do not hinder its oil exports. Iran has warned in a clear tone that if it is pressed economically, it has the power to completely seal this important route.
Trump’s threats ineffective
The policies led by Donald Trump in America and his sharp statements have taken the tension in the region to its peak. Trump had recently warned Iran that if it obstructed the sea lanes, it would have to face serious consequences. However, it is clear from Iran’s latest statement that it is not afraid of these threats. Iranian officials argue that America’s ‘maximum pressure’ policy is now outdated and they are ready to give a befitting reply to any military action.
What will be the impact on the global market and India?
The closure of the Strait of Hormuz means the halt of one-third of the world’s oil trade. If Iran sticks to its conditions and the road is closed, crude oil prices may skyrocket in the global market. This situation is very worrying for countries like India, because a large part of India’s energy supply comes through this route. Analysts believe that the coming 48 hours are very sensitive and the eyes of the whole world are now focused on America’s next step.