Hormuz Strait: World's most critical oil corridor to be closed amid Iran-Israel war? How will it impact India?

Iran’s Parliament has approved the closing of the Strait of Hormuz, hours after the US bombing of three major Iranian nuclear sites Sunday; However, the final decision will be taken by the Supreme National Security Council, Iran’s Press TV reported. Hormuz Strait is a narrow passage connecting the Persian Gulf to the Arabian Sea. The strait is a vital chokepoint for global oil shipments and handles nearly a fifth of the world’s petroleum trade. 

Nearly 30 per cent of global oil and a third of the world's LNG (liquefied natural gas) passes through the Strait daily, and its closure would immediately reduce global supplier,s triggering a spike in prices, strategic affairs experts said on Sunday.

The US on Sunday morning bombed three major nuclear sites -- Fordow, Natanz and Isfahan -- in Iran, bringing itself into the Israel-Iran conflict Later, US President Donald Trump said the Iranian nuclear sites were "totally obliterated". 

How will it impact India?

Union Petroleum Minister Hardeep Singh Puri said on Sunday that India has diversified its supplies in the past few years, and a large volume of supplies does not come through the Strait of Hormuz now. "We have been closely monitoring the evolving geopolitical situation in the Middle East since the past two weeks. Under the leadership of PM Modi, we have diversified our supplies in the past few years, and a large volume of our supplies do not come through the Strait of Hormuz now. Our Oil Marketing Companies have supplies of several weeks and continue to receive energy supplies from several routes. We will take all necessary steps to ensure stability of supplies of fuel to our citizens," Puri tweeted.

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Earlier, strategic affairs experts claimed that any blocking or disruption of traffic through the Strait of Hormuz will have a significant global and regional impact, including for India's energy security. The shutting down of the narrow passage would have significant global repercussions across energy markets and it will impact India's energy security as well, experts said.

We have been closely monitoring the evolving geopolitical situation in the Middle East since the past two weeks. Under the leadership of PM @narendramodi Ji, we have diversified our supplies in the past few years and a large volume of our supplies do not come through the Strait…

— Hardeep Singh Puri (@HardeepSPuri) June 22, 2025

Since the start of Iran's hostilities with Israel, Iranian officials have spoken about the possibility of shutting the Strait of Hormuz. Mohammad Javad Hosseini, the deputy chief of mission at the Iranian embassy, on Friday said closing the Strait of Hormuz is an option. "We have many things on the table, but it doesn't mean that we are going to do it now. It depends on the situation and how the other players want to go. If they want to solve the problem, definitely some of these things will be put aside," he said.

(With inputs from PTI)