US EditionTensions Rise as Former Economy Minister Suggests Control Over Strait of Hormuz
- A previous Iranian Economy Minister announced that, starting tomorrow and lasting for 100 days, Iran will require its authorization for any oil tankers or LNG shipments to pass through the Strait of Hormuz.
- Khandouzi issued this policy amid rising tensions after Israel launched airstrikes on Iran last week, intensifying military escalation in the region.
- The Strait of Hormuz, a narrow 33-kilometer passage linking the Persian Gulf and the Indian Ocean, handles about 20% of global daily oil consumption and 20% of LNG supply.
- Khandouzi emphasized online the importance of enforcing the policy promptly to prevent the escalation of internal conflict, noting that any postponement could extend the country's ongoing strife.
- This potential blockade threatens to disrupt global oil flows, likely aggravating energy market turmoil as JPMorgan forecasts Brent crude prices could rise above $120 per barrel.
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Denver GazetteReposted by 
Times Live
Times LiveFormer Iranian minister calls for Iranian control over Strait of Hormuz
DUBAI (Reuters) -Former Iranian Economy Minister Ehsan Khandouzi has said that tankers and LNG cargoes should only transit the Strait of Hormuz with Iranian permission and this policy should be carried out from "tomorrow [Wednesday] for a hundred days."
·Denver, United States
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Tensions Rise as Former Economy Minister Suggests Control Over Strait of Hormuz
Former Iranian Economy Minister Ehsan Khandouzi has called for controlling maritime traffic in the Strait of Hormuz, suggesting this should be implemented for 100 days starting immediately. It's unclear if this is a personal opinion or an official policy, as tensions rise amid Iranian-Israeli conflicts.
·India
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