The Strait of Hormuz, a critical waterway for global oil trade, has been closed again by Iran, citing US and Israeli breaches of a ceasefire agreement in Lebanon. The move has raised concerns about potential disruptions to global energy supplies .
Iran’s Islamic Revolutionary Guard Corps announced the closure, warning ships not to approach the strait. However, the US Central Command disputes this claim, stating that the strait remains open and commercial vessels continue to pass through.
According to reports, 55 merchant ships carrying over 17 million barrels of oil transited the strait on Saturday, despite Iran’s announcement. The US has maintained that Iran does not control the Strait of Hormuz.
The closure comes amid heightened tensions between Iran and the US, with both sides engaging in talks in Switzerland. US Vice President JD Vance has downplayed concerns, stating that there’s no evidence the strait is closed.
The Strait of Hormuz is a vital shipping route, handling approximately one-fifth of global oil trade. Its closure could lead to significant disruptions and price spikes.
Iran’s decision to close the strait is reportedly linked to Israeli strikes in Lebanon, which Tehran claims breach the ceasefire agreement. The US and Iran had signed a memorandum of understanding earlier this week, aiming to halt hostilities.
The situation remains fluid, with both sides engaged in negotiations. The international community is closely watching developments, given the potential impact on global energy markets.
About The Author
