📈 Stocks & Economy🇮🇳 India
Strait of Hormuz Tension: US and Iran Begin Peace Talks as Oil Route Dispute Continues
CNBC·Wednesday, 24 June 2026
The US and Iran have started peace talks, but there are conflicting claims over the Strait of Hormuz. Iran's military said it closed the strait in response to continued Israeli military strikes in Lebanon, while the US said it remains open. Trump said 19 million barrels of oil flowed through the strait on Monday, calling it an all-time record.
Why It Matters
India imports a large share of its oil through the Strait of Hormuz, so any closure or disruption directly hits fuel prices and the economy.
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