US Edition
Iran says Strait of Hormuz closed, vows to hit ships trying to pass: Report
Iran's closure of the Strait of Hormuz threatens about 20% of global oil supply and has caused sharp rises in energy prices, according to Iranian Revolutionary Guard statements.
- On Monday, Iran's Islamic Revolutionary Guard Corps declared the Strait of Hormuz closed and Ebrahim Jabari warned the Guards and navy will set ships ablaze if they try to pass.
- Following U.S. and Israeli strikes on February 28, the closure follows recent blasts along the Strait of Hormuz and Iran's military exercises last month.
- About 20% of global oil consumption passes through the Strait of Hormuz, which narrows to about 33 kilometers and links major Gulf oil producers.
- Global markets faltered as oil prices jumped and European whole gas prices soared 52% on Monday after QatarEnergy ceased production following attacks on its facilities.
- With oil markets watching Tehran's standoff with the U.S. and Israel, the move follows disruptions from Yemen's Houthi militants and appears aimed at pressuring Gulf states.
209 Articles
209 Articles
Koco News5
How Iran strikes in the Strait of Hormuz pushed oil prices higher
About 20% of the world's oil and liquefied natural gas consumption transits the Strait of Hormuz, which Iran 'closed' after U.S. and Israeli strikes.
The war in Iran and the blockade of the Strait of Hormus will soon be felt in Austria too on the energy bills. In politics, therefore, the call for price capping is loud. However, these are not a real solution to the underlying problem.
A senior Iranian official has warned that any ship that tries to pass through the key oil sea passage will be set on fire.
By Sebastián Jiménez Valencia, CNN en Español. The Strait of Hormuz, a narrow waterway between Iran and Oman, is the main route for transporting crude oil from oil-rich countries like Saudi Arabia and Kuwait to the rest of the world. Following the US and Israeli attacks on Iran and the death of its supreme leader, an advisor to the commander of Iran's Islamic Revolutionary Guard Corps (IRGC) warned that ships transiting the Strait of Hormuz coul…
Coverage Details
Bias Distribution
- 44% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
