The escalating conflict between Iran and Israel in the Middle East is set to impact the global economy, clearly affecting oil imports, trade, stock markets, the price of gold and silver, and inflation.The Strait of Hormuz, located between Iran and Oman, is the world's most crucial oil route. Neighboring India imports nearly 50% of its crude oil from countries like Saudi Arabia, Iraq, and the UAE via this route. According to data, about half of India's monthly oil supply comes through this route. If Israel attacks Iranian oil reserves or if Iran closes this passage, more than half of India's...