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Iran Is Seriously Considering Closing the Strategic Strait of Hormuz
IRAN, JUN 14 – Iran’s consideration of closing the Strait of Hormuz threatens a chokepoint handling 20% of global oil trade, risking supply shocks and price spikes above $130 per barrel, analysts say.
- On June 13, Israel carried out unprecedented strikes targeting Iran’s nuclear facilities, military installations, and civilian neighborhoods, intensifying regional tensions.
- In response to the attacks, Iran’s parliament is advancing legislation aimed at exiting the Nuclear Non-Proliferation Treaty, alongside increasing demands to shut down the Strait of Hormuz.
- Iran has threatened to close the Strait of Hormuz, a vital maritime passage through which roughly 18 to 21 million barrels of crude oil are transported daily, a move that could significantly disrupt global energy supply and markets.
- Gregory Brew warned that while closing the strait is Tehran's last big card to play, such action would trigger major responses from the US and Gulf allies and is unlikely to be carried out.
- Analysts believe that Iran is not expected to withdraw from the treaty or close the Strait of Hormuz in the near term; however, rising tensions raise concerns about regional instability and potential disruptions to the global oil market.
111 Articles
111 Articles
Iran mulls closing the Strait of Hormuz as retaliation: How it could affect global shipping, economy
Iran has warned that it may attempt to close the Strait of Hormuz to shipping traffic in retaliation for the U.S. joining Israel's strikes on Iranian nuclear facilities.The Iranian government is mulling retaliatory actions, including the potential closure of the Strait of Hormuz, a vital shipping lane for global energy supplies. The regime in Iran could pursue that goal through the use of mines, anti-ship missiles or other means to obstruct or d…
Iranian parliament recommends Strait of Hormuz closure: What may be in store for energy markets, India’s oil imports
So far, Iranian oil export infrastructure doesn’t appear to have been majorly hit by Israel, which is a relief for the energy markets and countries like India, even though they do not buy oil from Iran.
der Standard AT
der Standard DEIran threatens to close the Strait of Hormuz, an important trade route. A complete blockade is considered rather unlikely, but the consequences would be drastic.
The reaction of the markets to the conflict in the Middle East has even been contained, but experts are concerned about Iran's ability to block the Ormuz Road, a crucial strategic point for oil transport.
"One of the Biggest Means of Pressure": Iran Threatens to Close the Highly Strategic Strait of Ormuz
Iran threatens to block the Strait of Ormuz if the strikes continue. This passage, which is only about 30 kilometers wide, allows the circulation of one fifth of the world's oil production. - "One of the biggest means of pressure": Iran threatens to close the highly strategic Strait of Ormuz (International).
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