India, June 23 -- The Strait of Hormuz, that many countries rely on heavily for their crude exports and imports, may be shut down as the Israel-Iran conflict intensifies. After the US struck nuclear facilities in Iran, Tehran hinted at the closure of this passage, which could leave a big impact globally.

The strait, located between Iran and its Gulf Arab neighbours, is also used by India for about 40 per cent of its supplies sourced from Middle East nations such as Iraq, Saudi Arabia, the United Arab Emirates, and Kuwait.

Facilitating the supply of about a fifth of the world's oil is supplied daily, will the Strait of Hormuz closure deeply impact India?

In total, India imports 5.5 million barrels per day (bpd) of crude oil, of which ab...