
"The strait is closed. If anyone tries to pass, the heroes of the Revolutionary Guard and the regular navy will set those ships ablaze. We will also attack oil pipelines and will not allow a single drop of oil to leave the region. Oil price will reach $200 in the coming days."
"The Americans, with debts of thousands of billions of dollars, are dependent on the region's oil, but they should know that not even a drop of oil will reach them. Tehran has targeted infrastructure critical to the world's energy production as part of its retaliation for the Israeli and US bombing campaign."
"The Strait of Hormuz, which lies between Iran and Oman, is one of the world's most critical oil transit routes, with roughly 20 percent of global oil supplies passing through it. Any disruptions there will further send crude prices soaring and raise fears of a regional escalation."
Ebrahim Jabari, a senior IRGC adviser, declared the Strait of Hormuz closed and threatened to attack any ships attempting transit. Iran is retaliating against Israeli and US bombing campaigns that killed Supreme Leader Ayatollah Ali Khamenei and other officials by targeting energy infrastructure. Iranian officials warned of attacking oil pipelines and preventing oil exports from the region, predicting crude prices could reach $200. The Strait of Hormuz handles approximately 20 percent of global oil supplies. Energy markets reacted sharply, with natural gas prices surging nearly 50 percent in Europe and 40 percent in Asia following production facility damage and tanker traffic disruptions.
#iran-us-tensions #strait-of-hormuz-blockade #oil-market-disruption #energy-security #regional-conflict-escalation
Read at www.aljazeera.com
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