Strait of Hormuz coalition, NHB Gruh Sugam and DPIIT-KRAFTON MoU: key March 2026 governance and economy updates

Direct fact

In March 2026, a 22-nation coalition led by the United Arab Emirates and Bahrain said it would secure navigation through the Strait of Hormuz, while India’s National Housing Bank launched the Gruh Sugam Portal and DPIIT signed an MoU with KRAFTON India to support digital entertainment startups.

Key specifics

• The Strait of Hormuz coalition includes 22 countries, with the UAE, Bahrain, the UK, France, Germany and Japan among the signatories.
• The coalition cited the United Nations Convention on the Law of the Sea (UNCLOS) and opposed threats to commercial vessels and civilian infrastructure.
• The Strait of Hormuz carries about 20 million barrels of oil per day, making it a major global energy corridor.
• The National Housing Bank launched the Gruh Sugam Portal for Defence, Paramilitary and Government personnel to apply for home loans digitally.
• DPIIT’s MoU with KRAFTON India focuses on Digital Entertainment, Online Gaming, Esports, Interactive Media and AI-driven technologies.

Exam lens

Question type: international relations and schemes match-the-following; remember 22 nations, UNCLOS, 20 million barrels per day, and Gruh Sugam for government and defence personnel. TNPSC may ask which portal or treaty is linked to which initiative.