US EditionIran reportedly closes Strait of Hormuz: Oil and gas majors and traders suspend shipments
- On Saturday, UKMTO reported that the IRGC warned vessels that no ship is allowed to pass the Strait of Hormuz after U.S. and Israeli strikes, while roughly 750 vessels transited the area.
- On Saturday, Iran told vessels `no ship is allowed to pass the Strait of Hormuz` after attacks on Iranian facilities, with reports of closure claims that cannot be independently verified.
- The U.S. Navy warned companies it cannot guarantee vessel safety in the Persian Gulf, while insurance firms warned premiums could rise by 50% and major oil companies suspended shipments.
- Analysts warn one day of a full blockade could double global oil prices from $66 to more than $120, risking an international crisis, and Kuwait and Saudi Arabia would oppose it.
- It is not yet clear whether radio transmissions amount to a legal blockade, and UKMTO cautioned that VHF Channel 16 broadcasts are not legally binding or a lawful restriction on navigation.
218 Articles
218 Articles
The first consequence of the attack by Israel and the United States against Iran even the reaction perhaps more feared for the markets. Tehran has closed the Strait of Hormuz,...
KITA warns of logistics risks if Strait of Hormuz blocked
Korea could face serious uncertainty in its export and import logistics if Iran blocks the strategic Strait of Hormuz, the Korea International Trade Association (KITA) said Sunday. KITA held an emergency meeting at its Trade Tower headquarters, presided over by Chairman Yoon Jin-sik, to review potential risks amid escalating U.S.-Iran tensions and discuss contingency measures. The Strait of Hormuz, a narrow waterway linking the Persian Gulf and …
Iranian Revolutionary Guard “De Facto” Closed the Strait of Ormuz Following u.s. and Israeli Attacks
Iran’s ideological army announced that “no ship is allowed to pass” through the maritime zone. “It’s not safe,” warned the Persian military authorities, who did not set a deadline for reopening the passage.
The IRGC Moves To Close Strait of Hormuz as Strikes Against Gulf States and Israel Expected To Continue
Following the launch of an extensive US-Israeli operation […] The post The IRGC Moves To Close Strait of Hormuz as Strikes Against Gulf States and Israel Expected To Continue appeared first on The Media Line.
Coverage Details
Bias Distribution
- 45% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
