The street of hormuz returns to the facade ... the oil artery is threatened

The Israeli military attack on the areas of the Iranian nuclear program and the street of Hormuz at the front of the world scene, in light of the growing warnings about the outbreak of a large -scale regional conflict that can paralyze one of the most important important energy in the world. The Iranian Defense Ministry has promised “hard and deterrent penalty” in response to the strikes, and emphasizes that Israel will pay a heavy price, “according to the Iranian” Mehr “agency. The threats expressed concern about the safety of navigation by the street of Hormuz, which passes around a third of the global oil trade and more than 20% of the flow of liquid natural gas. The importance of the narrow Waterway Street at the Arab Gulf Escape, which is an important shipping cruise on a third of the global oil trade. The tankers sent about 15.5 million barrels a day crude and condensate from Saudi Arabia, Iraq, Kuwait, the Emirates and Iran through the street in the first quarter of 2024, according to Bloomberg data. The sea street is also important for liquid natural gas, as more than one fifth of the world’s supplies (mostly from Qatar) have gone through the same period. The starfish connects the waterway of the Arab Gulf to the Indian Ocean, and Iran is border from the north, the Emirates and the sultanate of Oman from the south. It is about 161 km and 21 miles wide in the narrowest point, with only two directions. As far as the shallow depth is concerned, it makes the ships vulnerable to mine, and it is easy to target with attacks of missiles fired from the coast or objects to the patrol boats and helicopters. Develop the delivery in the Sea Street? Iran has targeted the commercial ships that have been crossed by the sea streets over the years and have previously threatened to prevent transport. Iran also used the restrictions on ships in the hallway for contracts to register its dissatisfaction with the sanctions focused on it, or a pressure in conflict. On April 13, 2024, hours before he launched an attack with drones and missiles on Israel, the Iranian Islamic Revolutionary Guard seized a container ship connected to Israel near the street of Hormuz between the Persian Gulf and the Gulf of Oman. Iran released the shipping staff in early May of the same year. Tehran claims that the Ariz ship violated the maritime regulations, but the analysts indicated that his ownership of Israelis is the motive for the step. When he seized a tanker to the United States in April 2023, Iran said the ship collided with another. However, this step was a response to the seizure of the US authorities for a ship loaded with Iranian oil on the coast of Malaysia, because he violated the sanctions against Tehran. In May 2022, Iran seized two Greek carriers and detained them for six months, perhaps in response to the seizure of the Greek and US authorities of Iranian oil on another ship. The consignment is ultimately exaggerated to release Tehran, the two Greek carriers. When Iran was set to Iran in 2011, it threatened to close the sea street, but eventually withdrew to do so. Oil dealers suspect that Tehran will close the sea street completely because it will prevent it from exporting its oil. In addition, the Iranian Navy is not comparable to the US fifth fleet and other powers in the region that may interfere in the case of the closure of the sea street. During the war between 1980 and 1988 between Iraq and Iran, the Iraqi forces attacked an oil export station on the island of the exit, northwest of the street. After that, although it is called the war of carriers, the two parties attacked 451 ships between them. This increased the costs associated with the protection of the tankers and contributed to raising oil prices. Who depends more on the sea street? Saudi Arabia exported most of its oil through the street of Hormuz, despite its recent conversions to Europe using a 746 mile pipeline (1200 km) across the kingdom to a station on the Red Sea, allowing it to avoid the street of hormuz and the southern Red Sea. The UAE can export some of its raw oil without relying on the sea street by sending 1.5 million barrels a day through a pipeline of his oil fields to the port of Fujairah to the Gulf of Oman. With the closure of the oil pipeline (Kirkuk-Jihan) for more than a year, Iraq is currently sending all its oil exports by sea from the harbor of Basra through the sea street. Kuwait, Qatar and Bahrain have no choice but to load its oil through the waterway. The fear of the expansion of the conflict, the Israeli attack, threatens to raise greater confrontations in the midst, with the risk of the United States being involved in the conflict, according to the Bloomberg economy. Jennifer Wilsh, an analyst of the economic geography in “Bloomberg Economics”, said Friday Friday “the risks are high of escalating matters to a large -scale regional conflict.” She added that “the United States warned Iran to target its interests, but Tehran has threatened to discontinue US military bases and equipment if attacked,” notes that “it increases the possibility of the United States, which expands the conflict and reduces the chances of rapid calm to avoid a comprehensive regional war.” The rise in oil prices due to Israeli attacks, the Israeli attacks have caused a sharp rise in oil prices, due to the fear of the outbreak of a larger war in an area that produces about a third of the global supplies of crude oil. Brent and Western crime contracts jumped about $ 6. Brent Crude exceeded $ 78 a barrel, with the largest daily profits since March 2022 when Russia launched its war against Ukraine. Western Texas crude oil when the mediator strongly ascended.