What does the rising geopolitical tensions around the Strait of Hormuz mean for India? As the US-Iran conflict sees a significant escalation, all eyes are on nearly 50% of India’s total monthly crude oil imports and more than a tenth of India’s non-oil exports, which are at risk. Israel and the United States launched air strikes on Iran on February 28. Tehran responded within hours with retaliatory missile and drone strikes. Rising fears of a wider escalation in the Middle East could disrupt maritime trade routes across West Asia.