What’s Happening 🇮🇷🌍
#iran ’s Islamic Revolutionary Guard Corps (#IRGC ) — the elite military branch — has been issuing Very High Frequency (VHF) radio messages to vessels in the region declaring that “no ship is allowed to pass through the Strait of Hormuz” amid escalating conflict with the United States and Israel.🌍
Reuters +1
Ships in and around the Strait, including oil tankers, have been warned that transit is unsafe and should be avoided. 👑
There has been no formal international legal declaration of a blockade from Iran’s government, but the warning broadcasts are being treated as de facto closure by many ship owners. 🔥
Reuters
As a result, oil majors, LNG #traders , and tanker operators have suspended shipments via Hormuz, with vessels waiting or diverting outside the chokepoint.
Reuters
🌍 Why the #StraitOfHormuz Matters
The Strait of Hormuz is one of the most strategically important maritime choke points on Earth:
It connects the Persian Gulf to the Gulf of Oman and the Arabian Sea, serving as the exit route for oil and gas exports from multiple major producers.
Around 20 % of the world’s seaborne oil supply passes through it — roughly 15–20 million barrels per day — plus significant liquefied natural gas (LNG) flows.
Ilke News Agency
Disruption or closure of this route can trigger sharp spikes in global energy prices, increase shipping insurance costs, and create widespread #Economic impacts.🛑
