US EditionIran says Strait of Hormuz closed, vows to hit ships trying to pass: Report
Iran's closure of the Strait of Hormuz threatens about 20% of global oil supply and has caused sharp rises in energy prices, according to Iranian Revolutionary Guard statements.
- 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.
77 Articles
77 Articles
Iran's Revolutionary Guards threaten to 'burn' ships in Strait of Hormuz, halt oil exports
ISTANBUL: Iran's Islamic Revolutionary Guard Corps (IRGC) said on Monday (March 2) that the Strait of Hormuz has been closed to transit and warned that vessels attempting to cross would be attacked, Anadolu Ajansi reported. Read full story
Iran Declares Strait Of Hormuz Closed: Oil Climbs, Dow Futures Down 154 Points As Global Supply Fears Escalate
On Monday evening, Oil edged higher, and U.S. stock futures slipped after Iranian state media reported that Tehran has closed the Strait of Hormuz and warned it would fire on any vessel attempting to pass. Dow, S&P 500, Nasdaq Futures Slip As Oil And Gold Move Higher Dow futures were down 154 points, or 0.31%, to 48,791.00, while S&P 500 and Nasdaq futures fell 0.28% and 0.36% to 6,869.25 and 24,935.75, respectively At the same time, WTI Crude A…
I pasdaran: Strait of Hormuz closed, we will hit who passes. Bags pay pledge. Companies in alarm for the high instability. Incoming increases for bills and gasoline
Iran's Revolutionary Guard general Ebrahim Jabari made threats against vessels from any country that attempt to cross the Strait of Ormuz and warned that he will attack the ships that attempt to do so, regardless of their country of origin.So, after the Iranian warning, the crossing of oil tankers carrying the oil through the strategic crossing where it passes up to 20 percent of the resource, will be prevented after the war escalation in the Mi…
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…
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