US EditionIran says Strait of Hormuz closed, vows to hit ships trying to pass: Report
- On Monday, Iran's Islamic Revolutionary Guard Corps declared the Strait of Hormuz closed and Ebrahim Jabari warned the Guards and navy will set ships ablaze if they try to pass.
- Following U.S. and Israeli strikes on February 28, the closure follows recent blasts along the Strait of Hormuz and Iran's military exercises last month.
- About 20% of global oil consumption passes through the Strait of Hormuz, which narrows to about 33 kilometers and links major Gulf oil producers.
- Global markets faltered as oil prices jumped and European whole gas prices soared 52% on Monday after QatarEnergy ceased production following attacks on its facilities.
- With oil markets watching Tehran's standoff with the U.S. and Israel, the move follows disruptions from Yemen's Houthi militants and appears aimed at pressuring Gulf states.
60 Articles
60 Articles
Iran moves to shut down Strait of Hormuz, threatening supply chains
Iran’s Islamic Revolutionary Guard Corps has declared the Strait of Hormuz “closed” to maritime traffic, warning that any vessel attempting to transit the chokepoint could be attacked, Iranian state media reported on Monday. The Strait of Hormuz is one of the world’s most strategically vital maritime passages, with roughly 20 percent of global crude oil exports and significant volumes of liquefied natural gas transiting the waterway daily, accor…
About 20% of global oil transit through the region
An Iranian Revolutionary Guard general warned this Monday that they will not let "neither a drop of oil" pass through the Strait of Ormuz
It was communicated by the Commander of the Revolutionary Guard this afternoon (2) as a summary of the death of the Iranian Supreme Leader. It is one of the most important roads in the world for oil export.
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