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What’s at Stake for Europe if the Strait of Hormuz Is Blocked?

IRAN, JUN 14 – Iran considers closing the Strait of Hormuz in retaliation for Israeli strikes, risking disruption of 21 million barrels per day, about 21% of global crude trade, US Energy Information Administration said.

  • On June 14, 2025, escalating conflicts involving Israel and Iran sparked fears that Iran might shut down the Strait of Hormuz, a critical passage for global oil shipments.
  • Iran’s consideration to block the strait follows Israeli strikes on Iranian nuclear and missile sites that killed senior figures, escalating regional hostility.
  • Iranian lawmaker Esmail Kosari stated that closing the strait is under consideration and Iran’s missiles could target oil platforms, tankers, and ports in the Gulf.
  • Approximately 21 million barrels of oil, accounting for around one-fifth of the world's crude trade, transit daily through the narrow 33-kilometer Strait of Hormuz, and any blockade there could cause prices to soar well beyond $100 per barrel.
  • A blockade could provoke clashes between American, European, and Gulf naval forces, potentially disrupting energy supplies to Europe and driving up inflation and industrial expenses.
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In the event of Iran blocking the Strait of Ormuz, the consequences will be important for the euro area. ...

·Brussels, Belgium
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Bloomberg broke the news in United States on Friday, June 13, 2025.
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