New Delhi, June 23 -- The risk of disruption to the global oil supply has risen sharply after the US bombed Iran's nuclear facilities early on Sunday.

Mint looks at how prepared India is to deal with this situation as Iran threatens to shut down the Strait of Hormuz.

Immediately after the US attack on Iran's nuclear facilities in Fordow, Natanz and Isfahan, the Iranian Parliament voted to close the Strait of Hormuz, a narrow waterway that connects Persian Gulf to Gulf of Oman and Arabian Sea. It is through this waterway that a fifth of daily global crude oil production transits.

The final decision now rests with Iran's Supreme National Security Council. If the waterway is indeed closed, global oil supply, especially crude produced in W...