Amid the ongoing Iran-Israel war, vessels transiting the Strait of Hormuz have been receiving radio messages stating that "no ship is allowed to pass the Strait of Hormuz". A commander in Iran’s Revolutionary Guard Corps (IRGC) has said the Strait of Hormuz is closed and warned that any vessel attempting to pass through will be attacked, according to Iranian state media. Prominent industrialist Harsh Goenka has warned that India could be worst affected with Strait of Hormuz is blocked by Iran. In a recent post on X (formerly Twitter), Harsh Goenka, the RPG Group Chairman, wrote that India would be “worst affected” if the Strait of Hormuz were blocked, highlighting concerns over energy security and economic stability.
The statement of Harsh Goenka comes at a time when tensions in the Middle East continue to escalate and it has raised fears of disruptions to global oil supply routes. The Strait of Hormuz, located between Iran and Oman, is considered one of the world’s most critical maritime chokepoints, through which a significant portion of global crude oil shipments pass daily.
“The strait is closed. If anyone tries to pass, the heroes of the Revolutionary Guard and the regular navy will set those ships ablaze,” Ebrahim Jabari, a senior adviser to the IRGC’s commander-in-chief, said on Monday, reported Al-Jazeera.
“We will also attack oil pipelines and will not allow a single drop of oil to leave the region. Oil price will reach $200 in the coming days,” Jabbari said in a post on the IRGC’s Telegram channel. “The Americans, with debts of thousands of billions of dollars, are dependent on the region’s oil, but they should know that not even a drop of oil will reach them,” he was also quoted as saying by the semi-official Tasnim news agency.
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"I think we should have our own oil reserves.What do you think ???," another user asked. "Just not India but most of the Asian countries," another one pointed out.
"That route handles a big share of the world’s oil. If it stays disrupted, fuel prices and inflation here could rise fast. India will need to rely more on reserves and diversify its supply to limit the impact," a user commented. "India would have pipelined supplies as part of that coming from Hormuz. Russian oil would definetely be one," another netizen said.
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India imports more than 85% of its domestic oil needs, and around half of its crude oil imports currently transit through the Strait of Hormuz, according to a report in CNBC. Rising crude prices directly increase India’s import bill. Every $1 increase in crude oil can raise India’s annual import cost by about $2 billion, the report stated.
Costlier fuel increases transportation and manufacturing expenses. Food prices and daily essentials may become more expensive. Energy-led inflation can spread across the economy.
The statement of Harsh Goenka comes at a time when tensions in the Middle East continue to escalate and it has raised fears of disruptions to global oil supply routes. The Strait of Hormuz, located between Iran and Oman, is considered one of the world’s most critical maritime chokepoints, through which a significant portion of global crude oil shipments pass daily.
Harsh Goenka shares Strait of Hormuz video
The video by Harsh Goenka explains the importance of the Strait of Hormuz, a narrow sea route through which a large portion of the world’s oil supply is transported. It shows how rising tensions in the Middle East could disrupt oil tanker movement in this region. If the route is blocked or becomes unsafe, global oil supply may shrink, causing crude prices to surge. Since India imports most of its oil through this passage, fuel prices and inflation could rise sharply. The video highlights how a distant geopolitical conflict can directly affect everyday economic costs in countries like India.“The strait is closed. If anyone tries to pass, the heroes of the Revolutionary Guard and the regular navy will set those ships ablaze,” Ebrahim Jabari, a senior adviser to the IRGC’s commander-in-chief, said on Monday, reported Al-Jazeera.
“We will also attack oil pipelines and will not allow a single drop of oil to leave the region. Oil price will reach $200 in the coming days,” Jabbari said in a post on the IRGC’s Telegram channel. “The Americans, with debts of thousands of billions of dollars, are dependent on the region’s oil, but they should know that not even a drop of oil will reach them,” he was also quoted as saying by the semi-official Tasnim news agency.
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How social media reacted
Harsh Goenka’s post stating that India would be “worst affected” if the Strait of Hormuz were blocked quickly triggered debate across social media, with users discussing energy security, geopolitics, and economic risks. "India still has the option to buy oil from US and Russia. You don't need to worry," a user commented."I think we should have our own oil reserves.What do you think ???," another user asked. "Just not India but most of the Asian countries," another one pointed out.
"That route handles a big share of the world’s oil. If it stays disrupted, fuel prices and inflation here could rise fast. India will need to rely more on reserves and diversify its supply to limit the impact," a user commented. "India would have pipelined supplies as part of that coming from Hormuz. Russian oil would definetely be one," another netizen said.
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Why is Strait of Hormuz significant?
The Strait of Hormuz lies between Oman and Iran and links the Gulf north of it with the Gulf of Oman to the south and the Arabian Sea beyond. It is 21 miles (33 km) wide at its narrowest point, with the shipping lane just 2 miles (3 km) wide in either direction. About a fifth of the world's total oil consumption passes through the strait. OPEC members Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq export most of their crude via the strait, mainly to Asia. Qatar, among the world's biggest liquefied natural gas exporters, sends almost all of its LNG through the strait. Last year, Iran considered shutting down the strait after U.S. attacks on its nuclear facilitiesIndia imports more than 85% of its domestic oil needs, and around half of its crude oil imports currently transit through the Strait of Hormuz, according to a report in CNBC. Rising crude prices directly increase India’s import bill. Every $1 increase in crude oil can raise India’s annual import cost by about $2 billion, the report stated.
Costlier fuel increases transportation and manufacturing expenses. Food prices and daily essentials may become more expensive. Energy-led inflation can spread across the economy.
