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Strait Of Hormuz

Global oil prices surged past $100 per barrel as the Iran conflict disrupted shipping through the Strait of Hormuz, triggering market turmoil and sharp stock declines.

PIB Fact Check refutes viral claim of Hormuz closure affecting India’s fuel supply, assuring adequate reserves and alternative routes.

Global oil prices climbed more than 2% as tensions in the Middle East raised fears of supply disruptions through the Strait of Hormuz.

The United States may deploy naval escorts for oil tankers in the Strait of Hormuz if tensions with Iran escalate, the White House said as concerns grow over global oil supply.

Iran has shut the Strait of Hormuz, warning oil vessels against transit. Crude prices and shipping costs have surged amid escalating tensions in West Asia.

It said that in both cases, Iranian naval vessels backed off after US Navy responded to distress signals & that both commercial ships continued their voyages.