The Middle East war is no longer someone else's problem. India is facing rising energy costs, disrupted trade routes, and a darkening global growth picture as the Strait of Hormuz enters dangerous territory. Here is what this really means for your wallet.

India just approved a Rs 12,980 crore Bharat Maritime Insurance Pool with a sovereign guarantee to protect its ships from Hormuz war risk. Yeh badlaav India's entire shipping game, ekdum permanently.

The LPG tanker Jag Vikram just became the first Indian vessel to cross the Strait of Hormuz since the US-Iran ceasefire. Roughly 85-90 percent of India's LPG shipments depend on this strait staying open.