The Iran-US conflict continues to create uncertainty in global markets after Tehran rejected Washington’s claim that the United States has full control over the Strait of Hormuz. Iran said the strategic waterway remains blocked until its conditions are met, keeping uncertainty over international shipping and energy supplies high.
The development has implications far beyond the Middle East. The Strait is a crucial route for global energy shipments, and continued restrictions could increase freight and insurance costs. For India, prolonged disruption could put pressure on crude imports, inflation and the rupee.
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