The escalating Iran-Israel war has raised global concerns over the potential closure of the Strait of Hormuz a critical chokepoint through which nearly 20% of the world’s oil supply flows. Following Israeli airstrikes on Iran, oil prices have surged, with Brent crude touching $76.37 per barrel. If Iran blocks the Strait, global oil markets could face severe disruptions, pushing prices to $120–130 per barrel. This would directly impact countries like India, which relies on this route for two-thirds of its oil imports. The conflict, if prolonged, threatens to destabilize not only regional peace but also the global economy.
Amid escalating tensions between Israel and Iran, the Indian Embassy in Tehran has urged all Indian nationals and Persons of Indian Origin (PIOs) using personal vehicles to leave the city and relocate to safer areas. The advisory, issued on June 17, follows reports of a potential broadening of the conflict and comes as the Indian government facilitates evacuations through the Armenia border. Emergency helpline numbers have been shared for those seeking assistance.
As tensions in the Middle East reach a new boiling point, Israel’s recent strikes on Iran mark a dramatic escalation with far-reaching consequences. From nuclear fears to political calculations and the potential reshaping of regional power dynamics, this in-depth explainer unpacks why Israel attacked now, what’s at stake, and how global players are responding.
Tensions in the Middle East reached a boiling point as Israel launched "Operation Rising Lion," targeting Iran’s nuclear and military facilities. The strikes left at least 50 injured, including women and children. Iran's Revolutionary Guard chief was reportedly killed, prompting Tehran to vow severe retaliation. While former US President Trump confirmed prior knowledge of the operation, Washington denied direct involvement. Meanwhile, Israel declared a state of emergency, and airlines, including Air India, diverted flights amid the escalating crisis.