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.
149 Articles
149 Articles
US, Israel start attacks on Iran in war that engulfs region
The U.S. and Israel struck hundreds of targets in Iran, with President Donald Trump urging Iranians to overthrow the government in a conflict that’s spiraling across the oil-rich Middle East and disrupting tanker traffic around the Hormuz shipping strait.
Twenty million barrels of oil pass through the Strait of Hormuz daily, a fifth of the world's needs. A blockade of this sea passage...
Iran's Revolutionary Guard Corps announced today that the Strait of Hormuz is dangerous due to attacks by the US and Israel and is therefore closed to ships, foreign news agencies reported. The strait is a key commercial waterway, including for oil and gas shipments.
Norwegian Response to Strait of Hormuz Crisis
Norwegian Prime Minister Jonas Gahr Stoere addresses concerns for Norwegian businesses impacted by tensions in the Strait of Hormuz following U.S. and Israeli attacks on Iran. The vital oil passageway sees suspended shipments as Tehran closes navigation. Norway aligns with efforts to prevent Iranian nuclear weapon acquisition.
The European Union Naval Force (EU) announces that the Iranian Guards of the Revolution have warned the ships, through radio messages, that crossing the Ormuz Stream - a key point in global oil trade - "is not authorised", reports the AFP.
Coverage Details
Bias Distribution
- 47% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
