Trump’s great siege on the Gulf of Hormuz, America took a big step to bring Iran to its knees

News India Live, Digital Desk: Amidst the ongoing tension in West Asia, US President Donald Trump has given a statement regarding the Strait of Hormuz which has created a stir in the oil markets around the world. Trump has made it clear that the US naval blockade of the Gulf of Hormuz will continue until Iran signs a ‘final agreement’. Trump claims that Iran wants to keep this international waterway closed just to ‘save face’, whereas in reality it is completely broke financially. Trump’s claim: Iran is suffering a daily loss of $500 million. President Trump revealed on his social media platform that Iran’s economy is currently on a ventilator. He said, “Iran really does not want to keep the Strait of Hormuz closed, because it is causing them losses of about 500 million dollars a day. They are just pretending because I have put them under complete siege.” According to Trump, Iran now has no other option but to come to the negotiating table. What is the Gulf of Hormuz and why is it so special? The Gulf of Hormuz is the world’s most important ‘oil choke point’. This narrow sea route located between Oman and Iran connects the Persian Gulf to the Arabian Sea. Lifeline of oil: About 20-25% of the world’s total crude oil trade passes through this route. Global impact: If this route is completely closed, the prices of petrol and diesel in countries like India, China and Japan can double overnight. Strategic importance: Tankers carrying about 20 million barrels of oil pass through here every day. ‘The path will not open without a deal’ – Trump’s direct warningTrump has recently hardened his stance after the failure of peace talks mediated by Pakistan. He clearly said, “People came to me and said that Iran wants to open the route immediately, but I said no! We will not open the route until a final deal is made.” Trump also warned that if Iran attacked the US Navy or any merchant ship, the consequences would be dire. Why increased concern for India? India imports a large part of its energy needs from West Asia. Defense Minister Rajnath Singh has also recently said that the turmoil in the Gulf of Hormuz is not a distant event for India, but it has a direct impact on our security and economic stability. If this dispute continues for a long time, a new phase of inflation may begin in India.