 Hello and welcome to NewsClick. Media reports yesterday revealed that the United States was almost about to launch missile attacks on Iran. A war on Iran could be disastrous for both the region and the global economy. One of the most important global oil choke points, the Strait of Hormuz, abuts Iran. 20% of global oil flow, that is 21 million barrels of oil a day passes through the Strait of Hormuz. 70 to 80% of India's oil comes through the Strait of Hormuz from countries in the region. Iran can close the Strait of Hormuz anytime at once and has also said that if it cannot export oil through the Strait of Hormuz, nobody else can. If the US and its allies, including Israel, Saudi Arabia and the UAE attack Iran, it will have devastating consequences for all parties concerned. It will also not be a one-sided conflict. For instance, the Houthis of Yemen, who are allies of Iran, have struck airports and desalination plants in Saudi Arabia with upgraded drones probably from Iran. Any war against Iran will probably see more drone strikes from Yemen on Saudi infrastructure. If Israel joins the US, Hezbollah may also be drawn into the war. It is estimated that Hezbollah has more than 200,000 rockets which can destroy much of Israel's infrastructure. Such a war could also cause oil prices to soar from 50 to 60 dollars per barrel to around 250 dollars and lead to a major global recession. In the coming days, NewsCrick will be closely monitoring the situation. Stay tuned for further reports. Thank you for watching.