00:00If Iran closes the Straits of Hormuz, definitely India suffers.
00:04India will suffer because oil prices will go up, inflation will rise.
00:08India's GDP will suffer by 0.5%.
00:10So, right now oil is around 75-80, it may jump to 90-100-110.
00:16About 1% to 1.5% of India's GDP growth will be shaved off.
00:21Netanyahu, for him, it has been his life's mission to neutralize Iran.
00:27So, he is thanking Trump and saying that Trump has done something great for civilization.
00:32Yes, what he is saying is also that I have done something great for civilization,
00:37which history will remember for generations.
00:40It is Netanyahu's legacy that he is building up.
00:43Yes, of course, in that journey, he needed the help of Trump
00:47and he has been able to draw in American forces towards his mission of neutralizing Iran.
00:54Sir, UN Secretary's statement on this escalation in a regime already on the edge
01:00and a direct threat to international peace and security,
01:03I call member states to de-escalate and to uphold their obligation
01:06under the UN Charter and other rules of international law.
01:10See, what the UN Secretary General is saying is saying something correct
01:13that there is a danger to humanity, civilization and so on and so forth.
01:18However, the unfortunate fact is that the United Nations is completely toothless.
01:23Nobody listens to the UN, especially the United States.
01:27So, the UN and the UN Security Council, they may draw up,
01:31they may have some meetings, vote for some resolutions which will be vetoed by America.
01:35So, there is no tangible outcome that the UN can bring about.
01:40Sir, last question.
01:41If Iran closes the Straits of Hormuz, definitely India suffers.
01:47About 20% of the world's crude oil and 25% of the world's natural gas flows through these.
01:53Qatar's gas, which we buy, almost all flows through this, right?
01:56Kuwaiti oil, 70% of Saudi oil comes to the Straits of Hormuz.
02:00If that happens, which is expected,
02:03India will suffer because oil prices will go up,
02:06inflation will rise,
02:07and there is an estimate that for every $10 increase in the price of crude oil,
02:12India's GDP will suffer by 0.5%.
02:14So, right now, oil is around 75-80.
02:17It may jump to 90, 100, 110.
02:19So, if it jumps by around 20, 30 dollars,
02:23it means about 1% to 1.5% of India's GDP growth will be shaved off.
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