New Delhi, June 25 -- The escalating conflict between Israel and Iran has unsettled global markets, with potential U.S. involvement intensifying geopolitical risks. SBI Research highlighted the ramifications of this crisis, focusing on disruptions in global supply chains and rising crude oil prices, which significantly impact India due to its heavy dependence on oil imports.

SBI Research emphasized that the Strait of Hormuz-a critical maritime chokepoint through which approximately 20 percent of the world's oil transits-has become a focal point amid the conflict. India imports nearly 90 percent of its crude oil, with about two million barrels per day, out of 5.5 million barrels, passing through this narrow waterway. Any disruption here c...