Navigating Tensions: The Global Impact of Iran's Blockade on Strait of Hormuz

India's Foreign Secretary participated in a UK-led summit addressing the disrupted shipping through the Strait of Hormuz, a global oil and gas transit choke point. India's stance on ensuring free commercial shipping and maritime security aligns with international law, amidst rising tensions with Iran over the waterway blockade.

On Thursday, India's Foreign Secretary Vikram Misri joined a UK-hosted summit of nearly 30 nations aimed at resolving the shipping crisis in the Strait of Hormuz, amid Iran's partial blockade of this crucial route. The blockade has significantly disrupted the global oil and gas supply chain.

At the virtual deliberations, Misri voiced India's firm position advocating for free and open commercial shipping, consistent with maritime international law. Randhir Jaiswal, the External Affairs Ministry spokesperson, emphasized India's commitment to ensuring the safe navigation of international shipping lanes through the strait.

With over 20% of the world's oil and LNG trade passing through this channel, the blockade has caused a spike in international prices. As West Asia remains a critical energy source for India, diplomatic negotiations are actively underway to secure the safe passage of Indian-flagged vessels carrying essential commodities.

(With inputs from agencies.)