The satellite image of the Strait of Hormuz, which is a strategic marine marine point with Iran located at the top with the island of Qeshm and the United Arab Emirates to the south. Imaged May 24, 2017.
Gallo photos Gety pictures
US Secretary of State Marco Rubio On Sunday, China called for preventing Iran from closing the Strait of Hormuz, one of the most important ways to trade raw oil in the world.
“I encourage the Chinese government in Beijing to contact them about this, because it relies heavily on the hormone strait for its adulterers,” Rubio said in an interview with Fox News. China is the most important oil agent in Iran and maintains friendly relations with the Islamic Republic.
Iran The Foreign Minister warned Earlier on Sunday, the Islamic Republic “maintains all options to defend its sovereignty” after the United States Three major nuclear sites bombed During the weekend.
Meanwhile, the Iranian -owned media reported this Support the Iranian parliament closing Hermoz Strait, citing a large project. However, the final decision to close the strait lies in the Iranian National Security Council, according to the report.
Trying to prevent the narrow waterway between Iran and Oman can be severe consequences for the global economy. About 20 million barrels per day of crude oil, or 20 % of global consumption, flow through the strait in 2024, according to what he said Energy Information Management.
Oil prices can launch more than $ 100 a barrel if the strait is closed for a long time, according to Coldman Sachs and Rapidan Energy. JPMorgan analysts look at the risk of Iran’s Hermoz closure as low because the United States will consider this step as a sign of war.
Rubio said that Iran’s “economic suicide” will be to close the strait because the Islamic Republic oil is passing through the waterway. Iran is the third largest oil producer in OPEC, pumping 3.3 million barrels per day. At least 1.6 million barrels per day, with approximately 80 % of the sale of China, is emerging. According to the evaluation of the environmental impact.
The US Secretary of State said that the United States maintains options to deal with Iran attempt to close a strait.
“The economies of other countries will harm much worse than our economies,” Rubio said. “It will be, I think, a tremendous escalation that would deserve to respond, not only by us, but from others.”
The Fifth Fleet in the United States is stationed in Bahrain and is related to the protection of maritime trade in the Persian Gulf. Participants in the oil market generally believe that the US Navy will quickly work on any attempt by Iran to prevent the Strait of Hermoz. But some analysts warn that the market reduces the risks.
“They can be disrupted, from our point of view, shipping via hormonal for a long longer than the market believes,” said Bob McKinani, Rabidan Energy Founder and former Energy Consultant for President George W. Bush.
McNali said that shipment could be interrupted for weeks or months, instead of the oil market point of view that the US Navy will solve the situation in hours or days.
“This will not be a corridor,” McKinale told CNBC.
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