After Iran, US Enforces Hormuz Blockade; How Will It Impact India? - EXPLAINED

The United States has also blocked the Strait of Hormuz for ships leaving and entering Iranian ports. Notably, since the start of the Middle East conflict on February 28, Iran's Islamic Revolutionary Guard Corps (IRGC) blocked the keywaterway that accounts for 20 per cent of the world's crude oil and liquefied natural gas (LNG) trade. The US enforced the blockade of the strait on Monday, days after Islamabad peace talks with Iran collapsed. Notably, the Iranian blockade of the Strait of Hormuz has already triggered an energy crisis in the countries of the nation. Now the US blockade could further aggravate it. Meanwhile, the US military's Central Command (CENTCOM) had said that the blockade did not apply to ships to and from non-Iranian ports.How

The US Blockade of Hormuz Will Impact India:India is one of the largest importers of crude oil in the world. It reportedly imports over 80 per cent of its crude oil requirement, and most of these imports are from the Gulf nations and pass through the Strait of Hormuz. Earlier, when Iran blocked the Strait of Hormuz, India also witnessed disruption in its supply chain of crude oil and LNG. To meet its consumption, India started purchasing Russian oil after US President Donald Trump claimed that Washington had removed sanctions for some period on purchasing the Russian oil.Also Read: Iran’s USD 2 Million Tax On Some Ships In Strait of Hormuz: What It Means For India’s Oil Supply & Trade For the unversed, India is among a few countries that purchase Iranian oil during the war. Trump also seemed to be upset after reports of Iranian authorities collecting toll tax on ships passing through Hormuz. According to reports, two China-bound tankers and one Liberia-flagged tanker passed through the strait after paying the toll. However, India is the only country that did not pay any toll tax. It was also confirmed by the Iranian envoy in New Delhi. On April 11 also, India-bound Jag Vikram crossed the key waterway. In total eight Indian ships have crossed the Strait of Hormuz since the start of the conflict. India on LPG Supply:The Petroleum Ministry on Friday said the country had enough LPG and fuel stock, assuring the citizens of no dryout and that the supply of cooking gas remains normal. The government informed us that 98 per cent of the LPG bookings are now taking place online while the deliveries are being facilitated via OTPs (one-time passwords). The ministry further informed all the distributors of cooking gas and petrol pumps that they have adequate stocks of energy, adding that the supply also remains normal with a priority focus on domestic consumption.Several Countries Opposed Trump's Hormuz Blockade Move:Trump’s move drew criticism from major countries across the world, including China. Meanwhile, NATO nations refused to join the US in the Hormuz blockade. The naval blockade by the US would further escalate the conflict as Iran claims control over the key waterway.

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Notably, the Hormuz blockade had given Iran an extra advantage to dictate terms. The strait has been blocked by the IRGC since the start of the Iran war on February 28, following the US and Israel's bombing of Tehran. Meanwhile, on April 7, Iran agreed to open the strait after the two-week ceasefire with the US. After the US-Iran peace talks failed, the US started the Hormuz blockade.