₦airaland Forum

Iran Parliament Approves Closure Of Hormuz Strait

The Strait of Hormuz is one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows

Iran is considering closing the key oil shipping route Strait of Hormuz after the US bombed three of its nuclear facilities, Iranian media reported today.

The Strait of Hormuz is one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows.

It connects the Persian Gulf to the Arabian Sea and the Indian Ocean. The narrow channel, approximately 33 km wide at the narrowest point, separates Iran (north) from the Arabian Peninsula (south).

But shipping lanes in the waterway are even narrower - 3 km wide in each direction, making them vulnerable to attacks and threats of being shut down, which Iran has decided to do now.
The bulk of oil exports from regional powerhouses - Saudi Arabia, Iraq, the UAE, Qatar, Iran, and Kuwait - must transit this narrow waterway. In the past, it was the West - chiefly the US and Europe - that stood most exposed to disruption in Persian Gulf energy flows, but today it is China and Asia that would bear the brunt of any closure.

For India, the Strait of Hormuz is important as about 2 million barrels per day (bpd) of crude oil out of its total import of 5.5 million bpd transits through the narrow waterway.

Having diversified its sources of imports, India, however, is unlikely to lose sleep even if the Strait of Hormuz is shut down as alternative sources from Russia to the US and Brazil are readily available to fill any void, industry officials and analysts said.

Russian oil is logistically detached from the Strait of Hormuz, flowing via the Suez Canal, Cape of Good Hope, or the Pacific Ocean.

On gas, India's principal supplier Qatar does not use the Strait of Hormuz for supplies. India's other sources of liquefied natural gas (LNG) in Australia, Russia and the US would be untouched by any closure.

The heightened tensions in the world's largest energy supply basket would however have a near-term impact on prices, with oil prices likely to jump to $80 per barrel, analysts said.

https://www.ndtv.com/world-news/iran-parliament-approves-closure-of-hormuz-strait-worlds-most-critical-oil-corridor-state-media-8732722

They can't try it. They won't dare. Emotional reactions

Horus:
Iran Parliament Approves Closure Of Hormuz Strait

The Strait of Hormuz is one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows

Iran is considering closing the key oil shipping route Strait of Hormuz after the US bombed three of its nuclear facilities, Iranian media reported today.

The Strait of Hormuz is one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows.

It connects the Persian Gulf to the Arabian Sea and the Indian Ocean. The narrow channel, approximately 33 km wide at the narrowest point, separates Iran (north) from the Arabian Peninsula (south).

But shipping lanes in the waterway are even narrower - 3 km wide in each direction, making them vulnerable to attacks and threats of being shut down, which Iran has decided to do now.
The bulk of oil exports from regional powerhouses - Saudi Arabia, Iraq, the UAE, Qatar, Iran, and Kuwait - must transit this narrow waterway. In the past, it was the West - chiefly the US and Europe - that stood most exposed to disruption in Persian Gulf energy flows, but today it is China and Asia that would bear the brunt of any closure.

For India, the Strait of Hormuz is important as about 2 million barrels per day (bpd) of crude oil out of its total import of 5.5 million bpd transits through the narrow waterway.

Having diversified its sources of imports, India, however, is unlikely to lose sleep even if the Strait of Hormuz is shut down as alternative sources from Russia to the US and Brazil are readily available to fill any void, industry officials and analysts said.

Russian oil is logistically detached from the Strait of Hormuz, flowing via the Suez Canal, Cape of Good Hope, or the Pacific Ocean.

On gas, India's principal supplier Qatar does not use the Strait of Hormuz for supplies. India's other sources of liquefied natural gas (LNG) in Australia, Russia and the US would be untouched by any closure.

The heightened tensions in the world's largest energy supply basket would however have a near-term impact on prices, with oil prices likely to jump to $80 per barrel, analysts said.

Israel should use this opportunity to destroy the remaining Iranian war ship destroy their ports to allow free flow of Oil vessels

They won't dare test the us navy.....................by now be sure some subs are already lurking underneath.

DiasGodinHeaven:
Israel should use this opportunity to destroy the remaining Iranian war ship destroy their ports to allow free flow of Oil vessels

Gbamsulotely, kudos to Donald Olawale Chinedu Ibrahim Trump PBUH SWT SAW Hahaha LoL Muchecheche , As E day sweet me E day pain Dem Hehehehehe

Crude oil price increase loading with the closure.We should also be expecting pump price increase too

AngelicBeing:
Gbamsulotely, kudos to Donald Olawale Chinedu Ibrahim Trump PBUH SWT SAW Hahaha LoL Muchecheche , As E day sweet me E day pain Dem Hehehehehe

Lol

You funny bros .

I cant stop laughing down here. Lol

TemplarLandry:
Very funny and hilarious.
Persians have been defeated.

It's not the Persians that have been defeated it's the Ayatollah's dynasty that is being defeated.

Could this be all the reaction that the terrorist regime of Iran can muster, after all their cho cho cho ?
The global community will also find another solution to this, but the world can no longer afford to be pampering terrorists because of mudane reasons, like the manner of some useless countries, claiming to reform repentant terrorists .

Emotionally not intelligent.

Iran does not have the military might to enforce closure. The middle east is heavily dependent on oil sales. Na dem go roast Iran sef.

Asia will be so pissed. Including China their imaginary daddy

Lol..then all ships will keep to the Oman side of the water,e no pass like that.

Horus:
Iran Parliament Approves Closure Of Hormuz Strait

The Strait of Hormuz is one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows

Iran is considering closing the key oil shipping route Strait of Hormuz after the US bombed three of its nuclear facilities, Iranian media reported today.

The Strait of Hormuz is one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows.

It connects the Persian Gulf to the Arabian Sea and the Indian Ocean. The narrow channel, approximately 33 km wide at the narrowest point, separates Iran (north) from the Arabian Peninsula (south).

But shipping lanes in the waterway are even narrower - 3 km wide in each direction, making them vulnerable to attacks and threats of being shut down, which Iran has decided to do now.
The bulk of oil exports from regional powerhouses - Saudi Arabia, Iraq, the UAE, Qatar, Iran, and Kuwait - must transit this narrow waterway. In the past, it was the West - chiefly the US and Europe - that stood most exposed to disruption in Persian Gulf energy flows, but today it is China and Asia that would bear the brunt of any closure.

For India, the Strait of Hormuz is important as about 2 million barrels per day (bpd) of crude oil out of its total import of 5.5 million bpd transits through the narrow waterway.

Having diversified its sources of imports, India, however, is unlikely to lose sleep even if the Strait of Hormuz is shut down as alternative sources from Russia to the US and Brazil are readily available to fill any void, industry officials and analysts said.

Russian oil is logistically detached from the Strait of Hormuz, flowing via the Suez Canal, Cape of Good Hope, or the Pacific Ocean.

On gas, India's principal supplier Qatar does not use the Strait of Hormuz for supplies. India's other sources of liquefied natural gas (LNG) in Australia, Russia and the US would be untouched by any closure.

The heightened tensions in the world's largest energy supply basket would however have a near-term impact on prices, with oil prices likely to jump to $80 per barrel, analysts said.

There are alternative routes for India and others to get there crude oil and gas supplies.

tommy589:
Crude oil price increase loading with the closure.We should also be expecting pump price increase too

I am heading straight to the pump to fill up my 2 vehicles in the morning.