The US-Iran ceasefire has collapsed after fresh attacks on commercial ships in the Strait of Hormuz. President Trump has issued a Saturday ultimatum demanding Iran publicly stop attacks and keep the strait open. This is critical for India as the strait carries ~20% of global oil, and any disruption could spike fuel prices and inflation.
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Quick Exam Facts From News
1-Minute Revision
- ›Strait of Hormuz Oil Share: ~20% of global oil trade
- ›US Deadline: Saturday (July 12, 2026)
- ›Target this Data: ~20% of global oil trade passes through Strait of Hormuz; Saturday deadline (July 12, 2026); 285+ tankers waiting.
- ›Target this Nodal Body: US-Iran MoU; Strait of Hormuz (geographical entity); Iran's Foreign Ministry.
- ›Target this Legal Point: No specific legal article; focus on the concept of 'energy chokepoint' and 'ceasefire'.
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