Hormuz shuts again as US-Iran truce crumbles, India braces for oil, LPG shock

Tehran shut the Strait of Hormuz after the US-Iran ceasefire collapsed, putting India on high alert. Brent crude climbed to $79 a barrel on July 9 as tensions rose. With 90 percent of India’s LPG imports passing through this route, many now fear fuel prices will jump and hit households.