Iran's IRGC Strikes Container Ship in Strait of Hormuz Amid U.S. Ceasefire Extension on 22 April 2026

Iran rial hits record low at 2.02 million/USD as US prepares fresh sanctions and Strait of Hormuz blockade

Iran's rial plunged to a record low of 2.02 million per USD as the US announced new sanctions. The war with Israel and US naval blockade have devastated Iran's economy, while Iran's control of the Strait of Hormuz threatens global oil supply. This is a critical geopolitical flashpoint with implications for India's energy security and global trade.

US Strikes IRGC Targets in Strait of Hormuz; 5 Killed in Wedding, Oil Prices Cross $95/Barrel

The US and Iran have exchanged significant military strikes, ending a month-long lull. US Central Command targeted IRGC air-defence and maritime sites in response to attempted attacks on commercial shipping in the Strait of Hormuz. Iran retaliated with missiles and drones, hitting a wedding venue in southern Iran, killing five and wounding dozens. The Strait of Hormuz remains largely disrupted, pushing Brent crude above $95/barrel and raising global energy security concerns.

Houthi Capture of Perim Island Threatens Bab el-Mandeb Strait and Saudi Oil Exports via Red Sea

Houthi forces, backed by Iran, have captured Perim Island in the Bab el-Mandeb Strait, a critical chokepoint for global oil shipments, especially after the Strait of Hormuz disruption. This move threatens Saudi Arabia's alternative Red Sea export route and could spike oil prices. Saudi airstrikes have retaliated, escalating the Yemen conflict.

US Imposes Sanctions on 60 Iran-Linked Entities; Iran Threatens Strait of Hormuz Oil Chokepoint

The US has widened economic sanctions on Iran, targeting 60 entities and vessels, while Tehran retaliates by threatening military action and blacklisting 45 tankers in the Strait of Hormuz. For India, which relies heavily on Persian Gulf oil, this escalation could raise energy costs and test diplomatic balancing. The situation directly impacts global oil supply, with the Strait carrying ~20% of world oil use.

Houthis Seize Perim Island at Bab el-Mandeb Strait; Oil Prices Surge Above $100

Houthi capture of Perim Island threatens the Bab el-Mandeb Strait, a critical chokepoint for global oil and trade, especially after the Strait of Hormuz was effectively closed. This could spike oil prices above $100, impact India's energy security, and escalate the Iran-US proxy war via Yemen.

US-Denmark-Greenland Security Pact Allows Permanent US Basing, Bans Non-NATO Presence in Arctic

The US-Denmark-Greenland security pact, announced on September 18, gives the US permanent basing and overflight rights in Greenland and bars non-NATO nations from building bases or making sensitive investments without US approval. It resolves the NATO strain caused by Trump's annexation demand while preserving Danish/Greenland sovereignty, and remains valid even if Greenland becomes independent. This reshapes Arctic geopolitics amid Russia's military expansion and China's growing footprint.

Houthi Capture of Mokha (60 km from Bab-el-Mandeb) Threatens Saudi Oil Routes, East-West Pipeline Shut

Houthi forces seized the strategic port of Mokha (60 km from Bab-el-Mandeb Strait) on September 11, 2026, threatening Saudi Arabia's oil transit via both the Red Sea and the East-West pipeline. This escalation in Yemen's civil war has direct implications for global energy security and Iran's proxy strategy, making it a critical case study for security and international relations exams.

India Formally Names 27 Locations in Arunachal Pradesh; China Slams Move as Unilateral

India formally identified 27 places in Arunachal Pradesh by their standard names on its official map, countering China's frequent renamings. China's state media slammed the move as 'self-deception', warning it could harm improving bilateral ties. This is a key flashpoint in the India-China boundary dispute, with implications for border negotiations and bilateral relations.