Iran threatens to MINE Strait of Hormuz if US joins war, risking 20% of global oil trade and sending prices into orbit

A significant development in the Middle East has reached a critical juncture, with recent reports indicating a grave threat from Iran. Amid ongoing conflict, Iranian officials have suggested the possibility of mining the Strait of Hormuz, a strategic waterway crucial to global oil supplies. This development, if realized, carries the potential for severe disruptions to international shipping and a significant surge in global oil prices.

As US officials tell The New York Times, Iran may mine the Strait of Hormuz if Washington enters the war. Such a move could threaten 20% of global oil trade, trigger a surge in prices, and severely disrupt international shipping.

The Strait of Hormuz, a narrow channel connecting the Persian Gulf to the Gulf of Oman and the Arabian Sea, is a vital artery for global oil exports. Reports indicate that roughly one-fifth of global oil shipments and a significant portion of liquefied natural gas (LNG) exports pass through this choke point.

The potential mining of the Strait by Iran represents a direct threat to global energy security. Any disruption to the flow of oil through this waterway would have immediate and significant consequences, leading to a sharp increase in oil prices and potentially triggering a global economic crisis.

The concentration of global oil reserves in the Persian Gulf, combined with the lack of viable alternative routes, makes the Strait of Hormuz an indispensable transit point. A closure, even temporary, could have devastating effects on economies worldwide.

The international community is watching closely, with the United States issuing strong warnings against any action that would impede freedom of navigation in the Strait. The US Fifth Fleet, based in Bahrain, is tasked with protecting commercial shipping in the area.

Source:

https://www.dawn.com/news/1917711/the-strait-of-hormuz-the-worlds-most-important-oil-artery

https://www.ynetnews.com/business/article/skwgddc7gg

https://www.egyptindependent.com/iran-threatens-strait-of-hormuz-mining-if-us-attacks-the-new-york-times/

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https://www.intellinews.com/iranian-mines-in-the-straits-of-hormuz-could-shut-down-a-fifth-of-oil-flows-in-a-week-386240/