India to Attend Global Summit on Hormuz Crisis Amid Rising Tensions
India is set to attend a global summit on the Hormuz crisis, convened by the UK, to address growing tensions in the region. The country's participation reflects a diplomatic balancing act, prioritizing energy security and the safety of its commercial fleet.
India will join a virtual consultation to address the Hormuz crisis. Foreign Secretary Vikram Misri will represent India in the discussions. The Strait of Hormuz is a critical artery for global energy trade, with nearly one-fifth of the world's oil supply passing through it. India imports nearly 88% of its crude oil, with a significant portion routed through Hormuz. The country faces direct exposure to supply shocks due to the ongoing standoff involving Iran. India's participation in the summit aims to safeguard its shipping interests and maintain engagement with all sides.
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