"Countries in the Middle East are exploring alternative routes to get energy exports out due to severe disruption to shipping traffic through the Strait of Hormuz, which is critical for global oil transport."
"Ebrahim Jabari, a senior adviser to the commander-in-chief of Iran's Islamic Revolutionary Guard Corps, announced that the strait was closed, threatening to set ablaze any vessels attempting to pass."
"Traffic through the strait has plunged by more than 95 percent, with Iranian officials stating that vessels must secure Tehran's approval to transit through the waterway."
"About 2,000 ships flying the flags of other nations are stuck on either side of the strait, while some Indian, Pakistani, and Chinese-flagged tankers have been allowed to pass."
Middle Eastern countries are ramping up oil exports through pipelines to mitigate the impact of the US-Israeli conflict with Iran, which has severely disrupted shipping through the Strait of Hormuz. This strait is crucial for global oil transport, accounting for 20% of the world's oil and gas shipments. Following threats from Iran's military, traffic through the strait has decreased significantly. Countries are negotiating with Iran for safe passage, while many vessels remain stranded on either side of the strait.
Read at www.aljazeera.com
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