Watch: Iran-Israel conflict: Why the closure of the Strait of Hormuz matters?

The recent tensions between Iran and Israel have escalated following joint military strikes by the U.S. and Israel against Iranian targets. In response, Iran's Revolutionary Guard has issued a stern warning to vessels navigating the Strait of Hormuz, a pivotal maritime corridor through which approximately 20% of the world's oil passes. This warning has sparked significant apprehension in global markets, as any disruption in this key shipping artery could lead to increased oil prices and broader economic instability. The Strait of Hormuz is not only vital for oil transportation but also serves as a strategic chokepoint in geopolitical dynamics. The potential for Iran to restrict navigation raises concerns among major oil-importing nations, including India, which relies heavily on this route for energy supplies. Observers are closely monitoring the situation as it develops, given that any escalation could have far-reaching implications for international relations and energy security.