Watch: Iran chokes Hormuz. Houthis hold the Red Sea. What happens to oil prices?
- Posted on July 24, 2026
- By The Hindu
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- 1 min read
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Watch: Iran chokes Hormuz. Houthis hold the Red Sea. What happens to oil prices?
The Strait of Hormuz and Red Sea are under pressure as the U.S.-Iran conflict intensifies. Here’s how the crisis could impact India’s oil imports, LPG prices, inflation, and why the government is looking on ethanol for cooking.
