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The US Energy Information Administration (EIA) identifies the Strait of Hormuz as one of seven major "maritime strangulation points" that are "critical to safety Global Energy. "
Chokepoint the busiest. In 2016, EIA data showed that total flows through the canal reached a record 18.5 million barrels per day. China, Japan, India, South Korea and Singapore are the most important destinations for oil crossing the strait, she adds.
Thus, the closure of the channel would have dramatic consequences for Iran, the oil importing countries and the entire industry. 19659002] "Disturbances on these roads could affect oil prices and add thousands of miles of transit on alternative routes," EIA said in a report last year, warning of what was happening would pass if these chokepoints were disturbed. depend on reliable transport routes. Blocking a shock threshold, even temporarily, can result in a substantial increase in total energy costs and global energy prices. Chokepoints also leaves oil tankers vulnerable to pirate theft, terrorist attacks, political unrest in the form of wars or hostilities, and maritime accidents that can lead to disastrous oil spills. "
Only Saudi Arabia and the United Arab Emirates have pipelines can ship crude oil to the outside of the Persian Gulf and have additional pipeline capacity to bypass the strait of 39; Ormuz, added the EIA.
Penalties to come
Sanctions against Iran are restored President Donald Trump said in May that he was withdrawing the United States of the nuclear agreement reached in 2015 between America, the United Kingdom, France, Germany, China and Russia
.Bound. Iran is the third largest producer of OPEC's 15-member group.In June 2018, it produced 3.8 million barrels of oil a day, according to data from OPEC
Trump said that the agreement was "terrible" and that Iran was not complying with its conditions to restrict its ability to develop nuclear weapons 19659002] With sanctions about to resume, the US administration has stepped up pressure on other countries to respect restrictions imposed on the Iranian auto, oil and financial sectors, among others. He warned companies and individuals who do not respect the penalties that they might be subject to secondary sanctions.
Relations between Iran and the United States reached a new low on Monday when Trump warned Iran in a tweet not to threaten the United States. It was in response to the Iranian President saying Sunday that "America must understand that peace with Iran is the mother of all peace, and the war with Iran is the mother." of all wars. " [19659002] Iran seemed to be repelling Trump's fury on Monday, with Foreign Minister Javad Zarif also taking on Twitter, echoing Trump's warning to "Be careful."
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