"Currently, the Strait of Hormuz is under the complete control of the Islamic Republic's Navy, IRGC Navy official Mohammad Akbarzadeh said on Wednesday in a statement carried by Iran's Fars news agency. About a fifth of the world's oil is shipped through the all-important narrow passage of water."
"The US-Israeli war on Iran is disrupting the global supply chain, with shipping closed in the vital Strait of Hormuz and planes carrying air cargo grounded by the closure of airspace in the Middle East. Al Jazeera's Tohid Asadi, reporting from Tehran, said the IRGC stated it was impossible for any ships to pass through and that more than 10 oil tankers were targeted."
"Clarksons Research, which tracks shipping data, estimates that about 3,200 ships, or about 4 percent of global ship tonnage, are idle in the Gulf, although that includes about 1,230 that likely operate only within the Gulf. Meanwhile, about 500 ships, or 1 percent of global tonnage, are currently waiting outside the Gulf in ports off the coast of the UAE and Oman."
Approximately one-fifth of the world's oil transits through the Strait of Hormuz, which remains effectively closed due to the US-Israeli conflict with Iran. Iran's Islamic Revolutionary Guard Corps maintains complete control of the strait and claims no ships can pass through, with reports indicating over 10 oil tankers have been targeted. The closure disrupts global supply chains, with approximately 3,200 ships idle in the Gulf and 500 waiting outside in UAE and Oman ports. US President Trump has indicated willingness to deploy naval forces to escort tankers. Brent crude prices have risen above $82 per barrel, reflecting the supply disruption and geopolitical tensions affecting international energy markets.
Read at www.aljazeera.com
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