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.
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