The world held its breath as Iran placed strict conditions on the Strait of Hormuz, said if you want to pass safely then obey us.

News India Live, Digital Desk: Amidst the smell of gunpowder in the Middle East, Iran has taken a very strict stance regarding the ‘Strait of Hormuz’, which is called the lifeline of the world. Amidst the increasing military tension with America, Iran has made it clear that the passage of commercial ships through this sea route will now depend on its conditions. Iran has bluntly said that if international powers want a safe exit through this route, they will have to follow the rules and security protocols set by Tehran.

Siege of Hormuz: Why is the whole world scared?

The Strait of Hormuz is the narrowest sea route in the world, through which about 20 to 30 percent of the global oil trade passes. If Iran blocks this route or imposes strict sanctions here, the prices of petrol and diesel across the world may skyrocket. Iranian military officials claim that the security of the region is their responsibility, and any outside interference will not be tolerated. This statement of Iran has come at a time when the movement of American warships has increased in the Gulf region.

Iran’s ‘conditions’ and threat to the global economy

The Iranian leadership has indicated that they will only allow free passage to ships from countries that are ‘friendly’ towards Iran or do not harm its interests. Experts believe that Iran is using this route as a strategic weapon to reduce the pressure of economic sanctions imposed on Western countries. If Iran stops the movement of ships here, the energy supply of countries like India, China and Japan could be badly affected.

‘Mind game’ begins between America and Iran

The White House and the Pentagon are constantly keeping an eye on these threats from Iran. America says that violation of Freedom of Navigation in international waters will not be tolerated. At the same time, Iran has hit back and said that the only way for ‘safe exit’ is to respect Iran’s sovereign rights. This diplomatic and military tussle has deepened the fear of war in the Gulf countries, due to which there is an atmosphere of uncertainty in the global stock markets.

Why increased concern for India?

India is heavily dependent on the Gulf countries for its energy needs. Any blockage in the Strait of Hormuz means oil tankers coming to India get stuck. Although India has recently tried to secure additional supplies from Saudi and UAE, the closure of the Strait of Hormuz could devastate the entire supply chain. The Indian Ministry of External Affairs is closely monitoring this entire incident so that any emergency situation can be dealt with.