India, April 7 -- Will they, won't they? All eyes are on Iran today, waiting to see whether the Islamic Republic opens the Strait of Hormuz ahead of Donald Trump's deadline. The US President has threatened to open the 'gates of hell' if Iran does not open the key shipping route today.

Iran has refused to back down and has also rejected a temporary ceasefire proposal despite Trump repeatedly claiming that he will target critical infrastructure in Iran if shipping through Hormuz is not restored.

The narrow strait - which carries roughly a fifth of global oil supplies - remains heavily disrupted, pushing energy prices sharply higher and triggering fears of a prolonged global crisis.

The ongoing US-Iran war has already killed thousands acr...