U.S. calls on China to prevent Iran from closing Strait of Hormuz
Qeshm Island and the United Arab Emirates with Iran in the South, a strategic marine shit point of the Hormuz Strait image of the satellite image. It was viewed on May 24, 2017.
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On Sunday, US Secretary of State Marco Rubio asked China to prevent Iran from closing the Hormuz Strait, one of the most important trade routes for crude oil in the world.
“I encourage the Chinese government in Beijing to call them on this issue, because they are greatly relying for Hormuz’s oil,” Rubio said in an interview with Fox News. He said. China is the most important oil customers of Iran and establish friendly relations with the Islamic Republic.
The Iranian Foreign Minister warned that the Islamic Republic of the Islamic Republic on Sunday has bombed three important nuclear sites at the weekend “hiding all options to defend their sovereignty”.
Iranian state media, by the way Iranian parliament supported the closing A senior deputy referring to the Hormuz Strait. However, according to the report, the final decision of closing the throat lies in the Iranian National Security Council.
The attempt to prevent the narrow water path between Iran and Oman may have deep consequences for the global economy. According to the Energy Information Administration, approximately 20 million barrels of crude oil or 20% of global consumption flowed through the Bosphorus in 2024.
According to Goldman Sachs and Consulting Firm Rapidan Energy, if the throat is closed for a long time, oil prices may rise to over 100 dollars per barrel.
Iran is the third largest oil manufacturer in OPEC and pumps 3.3 million barrels a day. The Islamic Republic exports at least 1.6 million BPDs to 80% sold to China. According to EIA.
Rubio said Iran’s closure would be “economic suicide”. “We are protecting the options for coping with this.” He said.
“It would cause much worse harm to the economies of other countries than ours,” Rubio said. He said. He continued: “I think there would be a great rise not only by us, but from others.”
The US fifth fleet was deployed in Bahrain and is responsible for protecting the maritime trade in the Persian Gulf. Petroleum market participants generally believe that the US Navy will quickly defeat Iran’s attempt to block the Hormuz Strait. However, some analysts warn that the market underestimates the risk.
“According to our opinion, through the hormuz, they can send a much longer time than the market thinks,” Rapidan Founder and President George W. Bush’s former energy adviser, “the founder of Energy. He said.
He said that the oil market may be interrupted for weeks or months rather than the view that the US Navy will solve the situation within hours or days.
“This is not a Cakewalk, Mc said McNally CNBC.
