Tehran: Amidst the increasing tension between America, Israel and Iran, Iran has clarified that the strategically important Strait of Hormuz has not been sealed at present and “there are no plans to tropical it until remoter notice.” Iranian officials said that many reports spreading well-nigh this waterway are misleading and the situation is stuff monitored.
What did Iranian officials say?
Iran's Deputy Foreign Minister Saeed Khatibzadeh has unmistakably said that at present the Strait of Hormuz has not been closed. He says that no visualization has been taken yet to tropical it. He moreover widow that if any such step is taken in future, its information will be given officially. Also, Iran has termed many of the news going on on this issue as wrong and misleading.
Why is the Strait of Hormuz important?
The Strait of Hormuz is considered one of the most important maritime trade routes in the world. This narrow route connecting the Persian Gulf and the Arabian Sea is very important for global energy supply. It is unscientific that well-nigh 20 percent of the world's oil and a large value of natural gas passes through this route, so any kind of military tension here can stupefy the global energy market.
Why did the fear of latter it increase?
After the recent attacks on Iran by America and Israel, tension in the region increased rapidly. Without this, it was feared that Iran might tropical this important sea route as a retaliatory action. If this had happened, there could have been a major impact on oil supply and there could have been a sharp rise in the prices of transplanted oil in the global market.
Why is there fear of impact on the global economy?
Experts say that any disruption in the Strait of Hormuz has a uncontrived impact on global energy supply. Many big oil producing countries of the Gulf region export oil virtually the world through this route. In such a situation, if this route is closed, there may be huge fluctuations in the prices of oil and gas in the international market, which may stupefy the economy of many countries.
At present, without Iran's statement, it has wilt well-spoken that the Strait of Hormuz is still open, but due to the ongoing tension in the Middle East, the world's vision remain on this important sea route.
