A firm international stance has emerged on the Strait of Hormuz.
According to reports, the European Union (EU) and the Gulf Cooperation Council (GCC) issued a strong joint statement.What was saidAny claim by a state of sovereignty or control over the strait was called "unlawful"They opposed imposing permits or fees on international shippingThe Strait of Hormuz is the most critical route for global crude trade.
Any disruption there directly affects oil prices and importer nations like India.