Why the World’s Oil Supply Is at Risk ft. Mukul | Jist | Iran Israel USA Crisis

The Iran–Israel conflict is now shaking the global oil market, with Brent crude prices surging and fears rising that oil could reach $150 per barrel if the conflict escalates. At the center of this crisis is the Hormuz Strait, one of the world’s most critical energy routes through which nearly 20% of global oil supply passes. After Iran threatened to block this narrow waterway, oil tankers and LNG shipments have been disrupted, insurance companies have begun refusing coverage for ships in the region, and several refineries and energy facilities are under pressure. For India, the situation is particularly significant because the country is the world’s second-largest LPG importer, with nearly 85–90% of its LPG imports coming from Gulf countries, while a large share of its crude oil also travels through the Hormuz route. At the same time, geopolitics involving India, Russia, and the United States is adding another layer of complexity to the crisis. This raises crucial questions: will petrol, diesel, and LPG prices rise further in India, what happens if the Hormuz Strait remains closed, and what will the global oil market look like once the 30-day exemption for Russian oil ends? In this video, we break down the global oil politics behind the crisis and what it could mean for India’s economy and for the fuel and gas prices that affect everyday households. #jist #iran #oilcrisis #usaisrael