The situation in the Strait of Hormuz remains precarious, as Iran seeks to assert its control over this vital maritime route, even amidst a fragile ceasefire. Reports indicate that Tehran intends to limit the daily passage of vessels to a maximum of 15, as part of an agreement established with the United States, according to information from Russia’s TASS news agency.
This development was conveyed by a senior Iranian official to TASS on Thursday. The Strait of Hormuz, which narrows to just 34 kilometers between Iran and Oman, serves as a crucial corridor connecting the Gulf with the Indian Ocean. It is a significant channel for approximately 20% of the world’s oil supply and various essential commodities, including fertilizers.
Nations worldwide rely heavily on this route for their crude oil and natural gas needs. Notably, nearly 90% of India’s liquefied petroleum gas imports transit through the Strait. Since the onset of hostilities at the end of February, Iran has effectively curtailed traffic through this critical chokepoint, resulting in a spike in global oil prices.
The restrictions began following a series of coordinated strikes by the US and Israeli forces on February 28, which destabilized the region and initiated a cycle of violence. During the first day of the ceasefire, only one oil products tanker and five dry bulk carriers were reported to have passed through the strait, a stark contrast to the 140 vessels that typically navigated this route each day before the conflict, representing a significant portion of global oil and liquefied natural gas shipping.
With contributions from Reuters, this report highlights the ongoing complexities surrounding one of the world’s most crucial maritime corridors.
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