Blocking Strait of Hormuz vital oil route would be ‘economic suicide’ | World | News
Iran was told that closing a large Middle East oil “drowning point deki in response to US strikes in its nuclear areas would mean“ economic suicide .. Telegraph reports.
US Secretary of State Marco Rubio called on Iran’s allies – including China – to lean on Tehran and to prevent the closure of the Hormuz Strait, and it would be a “terrible mistake”.
Rubio told Fox News, “I encourage the Chinese government in Beijing to call them about it, because they are largely dependent on Hormuz’s oil.
“If they do this, this will be another terrible mistake. If they do it, economic suicide for them. And we protect the options to deal with it, but other countries should look at it.
Iranian MPs decided to enter the war between Donald Trump Israel and Iran, and after the lock waterway, they voted to return to US strikes by cutting their vital transport lanes.
However, according to Reuters, the Iranian Parliament’s vote is not binding, and the state television stressed that any final decision is based on the best Iranian security chiefs.
The narrow Bosphorus lying in the Iranian regional waters is considered the most important oil shit point on the planet and is the way out of the Persian Gulf. Approximately one -fifth of all global oil materials and one -third of liquefied natural gas.
Using mineral or missiles, transport blocking attempt can cause a worldwide oil shock, lead to inflation, and cause the risk of transferring the world to stagnation.
On Sunday, analysts warned that closing the throat can also provoke an “important military reaction from America and its allies.
The Eurasian Group, a political risk consultant, said to its customers: “The US gathered a large military asset in the Gulf and the surrounding area, and its movement against the Strait of Iran would almost trigger a significant military reaction.”
Ami Daniel, General Manager of Windward, a maritime data company, said that even an Iranian attack can slow down a drop of transport.
“People talk about whether they block the Hormuz Strait, but how about making passing too dangerous?
“Commercial transportation is not a navy. They don’t have to go. In fact, even increasing the risk of going there will gradually make a big difference against completely blocking it.”
And as fears grow in a new oil crisis, millions of drivers may face higher fuel prices in pumps. Britain, which imports about half of the oil, can be particularly vulnerable.
Raw oil closed as a barrel of $ 77 on Friday after Mr. Trump entered Iran for two weeks – the merchants would be avoided immediately.
However, when the tension is high, analysts expect prices to increase on Monday while analysts skip the “risk barometer, and there are warnings that barrels or more barrels or more barrels can follow.
