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Strait of Hormuz transit restrictions have raised global concerns over oil supplies, LNG, shipping costs and inflation. With vessel movements falling sharply amid renewed US-Iran tensions, Brent crude crossed $80 per barrel. In this video, understand: • Why Strait of Hormuz is strategically important • US-Iran tensions and the June 2026 Peace MoU • Why ship transits have declined • What is Dark Shipping and why it matters • Impact on global oil, LNG and supply chains • India’s dependence on the Strait of Hormuz • Impact on India’s crude oil import bill, CAD and inflation • India’s energy diversification and Strategic Petroleum Reserves • UPSC relevance for GS Paper 2, GS Paper 3 and Current Affairs This topic is important for UPSC, IAS, State PCS and other competitive exams. #StraitOfHormuz #UPSC2026 #CurrentAffairs #India #USIran