The Economic Times

Iran war: Uday Kotak calls US plan to 'rent' Hormuz as colonialism, flags two big business risks

Tensions flare in the Middle East as Donald Trump issues a stark ultimatum regarding the Strait of Hormuz. Uday Kotak criticizes the US proposal as a return to colonialism. Meanwhile, Iran dismisses Trump's threats as delusional, as fighting intensifies across the region with multiple nations reporting missile and drone activity.