New Delhi, April 16 -- A complete blockade of the Strait of Hormuz would be the "most disruptive geopolitical shock" to the global economy, with immediate implications for India through surging energy prices, rising inflation and supply chain disruptions, Ranjeet Mehta, CEO and Secretary General of PHDCCI, told ANI on Thursday.
"A blockade of the Strait of Hormuz will be the most disruptive geopolitical shock the world economy can ever have... this narrow passage handles around 20 to 30 per cent of the global energy supply," he said, warning that any disruption would sharply push up crude prices and trigger economy-wide cost pressures.
He said India would feel the impact almost immediately as higher energy prices would translate into in...
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