Tehran has announced that the strait remains open for some states, but not for the United States and their allies, reports Al Jazeera.
Tehran has announced that the strait remains open for some states, but not for the United States and their allies, reports Al Jazeera. The move immediately caused turbulence in the international energy markets, with the price of oil exceeding 100 dollars per barrel, compared to about 65 dollars before the conflict. Approximately one fifth of global oil transports pass through this strategic maritime corridor.
On March 2, Ebrahim Jabari, senior advisor to the commander-in-chief of the Revolutionary Guards (IRGC), issued a stern warning about naval traffic through the strait.
“The strait is closed. If any ship tries to cross it, the IRGC and the navy will set those ships on fire”, Jabari declared.
Following these statements and the tensions in the region, the barrel of Brent oil – the international benchmark price – reached 105.70 dollars on Monday, 2.5% more than the previous day and over 40% more than before the outbreak of the war, on February 28.
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