led and proposed by iran pm for intra-regional security arrangement for security of strait of Hormuz.
a part of there intiative a meeting was arrainged in january 2020 india along with china, omen and afghanistan did participation in there meeting.
is to stabalise strait of hermuz, the harmuz strait is a gateway for significant amount of global supply. 30% of sea born crud oil is passes through strait of hermuz every single day.
why india wants peace in this area?
67% of indias oil imports and around 50% indian natural liquified gas imports through this strait. it is at atmost important for a country.