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Tue, Aug 11, 2026 | New Delhi
World

Threat to close Strait of Hormuz by 2029, crude oil prices surge amid heightened tensions between US and Iran

August 11, 2026 Farha Khan 3 mins read
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Tensions continue to rise in the Middle East. If you’re wondering how this tension will affect in India, let me tell you that the ongoing explosions and threats in the Middle East are affecting not only America and Iran but also your vehicles. Now, if you’re wondering how, let me explain. The US-Iran war has reached a dangerous turning point. This tension has escalated to such an extent that its direct impact is being felt on crude oil prices, which is directly affecting India.

Both America and Iran are standing their ground and are adamant. Meanwhile, Iran has issued a direct threat to the US. In its threat, Iran has also set some conditions, stating that unless the US accepts these conditions, it will completely close the Strait of Hormuz, the world’s most vital oil trade route. Iran even says it will keep the Strait of Hormuz closed until 2029.

What was the threat?

While the war and stubbornness between the US and Iran continues, news has emerged that Iran has issued a direct threat to the US. Iran has reportedly made a significant announcement. The announcement states that the Strait of Hormuz will remain closed until US President Donald Trump accepts all of Iran’s conditions. It is also being said that Iran will keep the Strait of Hormuz closed until 2029.

Trump’s term ends in 2029, and anticipating this, Iran has issued an open threat to completely block oil imports by closing the route. The closure of this route will not only impact the US but also India, leading to a surge in crude oil prices. This will directly impact the pockets of Indian citizens.

Learn about Iran’s conditions

Find out the list of conditions Iran has placed on the US.

  • Iran says the US must compensate for the losses. Considering everything that happened during this tension, it will have to pay $300 billion in compensation.
  • Iran’s second condition is that the US return the $100 billion worth of assets frozen in the US.
  • Iran also demanded that the US completely lift all economic and trade sanctions.
  • US troops should be withdrawn from the Middle East.
  • The US should end the naval blockade it is imposing.
  • Fees like toll taxes should be approved.

Iran has placed all these conditions before the US. Each condition is not a small one, but rather a major one. Iran has made a clear announcement, a clear threat: if the US does not fulfill these conditions, it will keep the Strait of Hormuz closed.

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