US EditionGlobal Turmoil If Iran Shuts Strait of Hormuz — But Pakistan May Get a Pass
IRAN, JUN 22 – Iran's parliament authorized a potential closure of the Strait of Hormuz to retaliate against US and Israeli actions, threatening a disruption of nearly 20% of global oil exports, analysts say.
- In response to escalating regional conflicts, Iran's legislative body has approved measures that could lead to shutting down the Strait of Hormuz, a vital maritime passage responsible for the daily transit of roughly 20 million barrels of oil.
- Following U.S. airstrikes on Iranian nuclear facilities and ongoing Israeli attacks, Washington has called on China to encourage Iran to maintain open navigation through the strategic waterway.
- Though Saudi Arabia and the UAE have alternative pipelines able to carry up to 5 million barrels daily, these cover only part of Gulf exports, leaving most oil and LNG flows vulnerable to disruption.
- Goldman Sachs forecasts Brent crude could briefly jump to around $110 per barrel if flows through Hormuz drop by 50% for one month, with a $12 geopolitical risk premium already factored in.
- A closure would likely harm Iran economically and diplomatically, risk alienating neighbors, and cause significant global energy market disruption despite limited alternative routes remaining.
54 Articles
54 Articles
Masala warns: If Iran closes Hormus, Trump's complete change of course threatens – and the end of his anti-war promise.
Iran is considering closing the strait of Hormuz – why this would be a major escalation
Faced with the prospect of continuing Israeli airstrikes and further American involvement, Iran’s parliament has reportedly approved plans to close the strait of Hormuz. This is potentially a very dangerous moment. The strait of Hormuz is an important shipping lane through which 20% of the world’s oil transits – about 20 million barrels each day. The waterway connects the Persian Gulf and the Gulf of Oman. Iran can either disrupt maritime traffi…
Is Iran blocking the Strait of Hormus in response to the US attack? This is a question that mainly concerns the oil industry. However, such a scenario is unlikely for several reasons. By Detlev Landmesser.
Iran is threatening to close the road of Hormus, which is important for the world's oil transport. The US is reacting sharply, and Tehran is building on a weapon.
After the US attack on Iranian nuclear facilities, Iran threatens to close the Hormus road: Parliament approved the blockade, but the Supreme National Security Council still lacks approval. How realistic is such a scenario - and what would be the consequences for the global economy?
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