📈 Stocks & Economy🇮🇳 India
Iran Shuts Hormuz Again — Oil Markets and India's Energy Bills Are on Edge
CNBC·Sunday, 21 June 2026
Iran's joint military command has closed the Strait of Hormuz again, citing continued Israeli military operations in Lebanon. The closure comes even as US Vice President Vance heads to Switzerland for talks. New peace talks are reportedly set to start Sunday.
Why It Matters
India imports a large share of its oil through the Strait of Hormuz. Any prolonged closure could push crude prices higher and directly hit fuel costs and inflation back home.
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