Iran Military Command Closes Strait Of Hormuz Again
Iran’s central military command announced on Saturday it would resume “strict management” of the Strait of Hormuz, reversing a decision to unblock the strategic channel as part of negotiations with Washington.
In a statement shared on state television, the headquarters said Washington had broken a promise by continuing its naval blockade of ships sailing to and from Iran’s ports.
The statement said the situation in the Strait of Hormuz will remain strictly controlled until the United States restores freedom of movement for all vessels visiting Iran.
Meanwhile, over 50 billion dollar worth of crude oil that has not been produced has been lost globally since the Iran war began nearly 50 days ago.
According to Kpler data, more than 500 million barrels of crude and condensate have been knocked out of the global market since the crisis began at the end of February, – the largest energy supply disruption in modern history.
Calculations noted that the aftershock of the crisis will be felt for months and even years to come.
