Strait of Hormuz Closure: Global Oil Crisis Looms, Prices Could Skyrocket to $100

• Tensions between the US and Iran put the Strait of Hormuz under global scrutiny, a vital route for energy supply.
• Dolat Capital warns crude oil prices could surge to $100 per barrel if the Strait of Hormuz closes.
• The Strait, located between Iran and Oman, is a narrow yet crucial international transit route for global energy.
• Approximately one-fifth of the world's total petroleum consumption and most OPEC exports pass through this strait.
• India relies heavily on this route, with 50% of crude oil and 60% of LNG imports passing through it, making disruptions critical for its economy.