Strait of Hormuz Crisis: Amidst the war, Iran showed kindness to China and Russia, opened the Strait of Hormuz for oil, closed the way for the rest of the world

News India Live, Digital Desk: Iranian Revolutionary Guards (IRGC) have officially announced that the Strait of Hormuz is now completely under their ‘complete control’. Tehran has described it as a “strategic gesture of gratitude” for the diplomatic and economic support given by Beijing and Moscow during the war.1. Only China and Russia allowed (Exclusive Access) Concession to China: Iran has announced that now only Chinese ships and oil tankers will be allowed to pass through this route. China is the largest buyer of Iranian oil and has stood by Iran in this crisis. Russia also exempted: According to reports, Russian ships have also been allowed to use this VIP corridor. Restrictions on other countries: This route has been effectively closed to ships of Western countries, America’s allies and other neutral countries. 2. Big shock for India (Impact on India) Due to this decision of Iran, India’s concerns have increased a lot: Supply chain affected: India fulfills a large part of its energy needs (crude oil and LNG) from the Gulf countries (Saudi Arabia, Iraq, UAE, Qatar), which comes through this route. Russia’s offer: Amidst this crisis, Russia has proposed to India that if the oil supply from the Middle East is disrupted, then it will fulfill the entire energy needs of India. India’s security cover: According to government sources, India currently has 74 days of Strategic Petroleum Reserve, which will provide initial relief to deal with any emergency.3. ‘Will open fire’ warning (The Warning) Iranian commander Ibrahim Jabari has issued a strongly worded warning: Strict action: He said that if any ‘unauthorized’ vessel tries to pass through this route, the Iranian Navy will directly attack it or set it on fire. Drones and missiles deployed: Iran put its missile systems and suicide drones on high alert on the narrow path of the strait. Is.4. Impact on the global economy (Global Impact)Oil prices: Due to this ‘selective blockade’, there is a danger of crude oil prices crossing $100 per barrel in the international market. 700 tankers stranded: According to reports, about 700 oil tankers are stranded outside this waterway and there is a huge traffic jam in the sea as insurance companies have refused to provide coverage in this area.5. US and Israel’s reaction US President Donald Trump has said that the US Navy will intervene if necessary to maintain energy supplies. There is also a possibility of retaliatory attacks on Iranian military bases by America and Israel.