An important news has come to light amidst the ongoing tension in West Asia. According to the report, two gas tankers (ships carrying LPG) of India are preparing to pass through the Strait of Hormuz soon. Both these ships are currently standing in the Gulf waters and the situation is being monitored. Let us tell you that India imports oil and gas in large quantities, and a large part of it comes through this route. In such a situation, if this route becomes unsafe, the supply of oil and gas may be affected. Due to this, the prices of petrol, diesel and gas in India may increase, along with this, trade and shipping may also be affected.
Why did the movement of ships stop?
No ship carrying crude oil has passed through this route in the last 24 hours. According to the information, an empty oil tanker, which has been banned by America, has returned back to Iran. It is clear that due to tension and danger in the area, shipping companies are currently taking precautions.
Why is the whole world worried?
Because, 20% of the world’s oil passes through here (Strait of Hormuz). If there is any major dispute or attack here, there can be a huge jump in global oil prices. The situation is currently tense in the Strait of Hormuz, but Indian ships are preparing to pass through this route again. This means that India is succeeding in maintaining its energy transport through diplomatic means.
What is the Strait of Hormuz?
The Strait of Hormuz is the world’s most important sea route, connecting the Gulf with the Indian Ocean. About 20% of the world’s oil passes through this route, so every movement here affects the entire world.
Conflict and military activity in West Asia
The conflict began on February 28 when the US and Israel jointly launched a massive attack on Iran, in which Iran’s supreme leader Ayatollah Ali Khamenei was also killed. Iran’s new supreme leader and Ali Khamenei’s son Mojtaba Khamenei has said in his first public message that Iran will definitely take revenge for its killed people. He also warned that the policy of keeping the Strait of Hormuz closed would continue and that neighboring countries should stop hosting US military bases.