New Delhi, June 23 -- Amid rising tensions in the Middle East due to continued military action by Israel and Iran, experts have said that any closure of the Strait of Hormuz will hit global oil trade.

Former diplomat KP Fabian said India has expressed concern at the recent escalations and that conveyed that it is on side of peace and humanity. The United States entered the war on Sunday and bombed Iran nuclear sites.

Fabian referred to Prime Minister Narendra Modi receiving a telephone call from Iran President Masoud Pezeshkian on Sunday. President Pezeshkian briefed PM in detail and shared his perspective on the current situation in the region, especially the ongoing conflict between Iran and Israel. PM Modi expressed India's deep conc...