War Triggers Oil Crisis As Iran Signals Hormuz Closure | Top US Economist Steve Hanke Decodes Impact
In this episode of India Ascends, The war in Iran triggered by U.S. and Israeli strikes has sent global oil markets into turmoil, with Iran effectively shutting the Strait of Hormuz, a vital route for about 20 % of the world's oil supply, pushing prices above $100 a barrel and threatening a deep energy crisis. Top American economist Steve Hanke speaks to NDTV's Gaurie Dwivedi on the broader economic fallout from the conflict's impact on energy flows and global markets.
