What Happens If Iran Closes Strait of Hormuz Amid Israel Tensions? | Asianet Newsable - video Dailymotion

Asianet News English

The Strait of Hormuz is making headlines again as Iran threatens to close this vital waterway amid soaring tensions with Israel. Why does this narrow stretch of sea matter so much? In this video, we break down what makes the Strait of Hormuz the world’s most important oil chokepoint, how a closure could send shockwaves through global markets, and what’s at stake for the world’s major economies. From its strategic geography to the sheer volume of oil and gas that passes through daily, find out why the fate of this passage affects us all.    #StraitOfHormuz #Iran #Israel #OilCrisis #GlobalEconomy #MiddleEast #EnergySecurity #World  🔊 LIKE ➡ SHARE ➡ SUBSCRIBE  For More Updates:  English: https://newsable.asianetnews.com/  Hindi: https://hindi.asianetnews.com/  Malayalam: https://www.asianetnews.com/  Kannada: https://kannada.asianetnews.com/  Tamil: https://tamil.asianetnews.com/  Telugu: https://telugu.asianetnews.com/  Bengali: https://bangla.asianetnews.com/  Like us on Facebook: https://www.facebook.com/AsianetNewsa...  Follow us on Twitter:  https://twitter.com/AsianetNewsEN  Follow us on Instagram: https://www.instagram.com/ann.newsable/  ➡ If you like our video, give us a thumbs up and subscribe to our channel to get the daily dosage of news, entertainment, sports and more.

Transcript

00:00The Strait of Hormuz is a strategic waterway for seaborne oil that has long been used by Iran as

00:14a geopolitical bargaining chip, with Tehran repeatedly threatening to close it during the

00:19times of crisis. Iran again threatened its closure after Israel launched a massive air

00:26campaign earlier this month targeting nuclear and military sites, with the United States also

00:31striking key nuclear facilities. Iranian lawmakers floated the idea following the US attacks,

00:39though the decision remains with the National Security Council, Iran's highest security body.

00:45Tehran has for decades threatened to close the strait every time tension soared, but never acted

00:50on its warning. Here are the key points to know about the strategic waterway between Iran and

00:56Oman, at the center of decades for regional tensions.

01:08The Strait of Hormuz linked the Gulf to the Indian Ocean and is situated between Iran and Oman's

01:13Musandiam enclave. Its narrowness at around 50 kilometers and shallow waters at no more than

01:2060 meters deep, make it vulnerable to being sealed off militarily. The Strait is dotted with sparsely

01:28inhabited or desert islands, which are strategically important, notably the Iranian islands of Hormuz,

01:35Queshm, and Laraq. Among them are also the disputed islands of Greater Tump, Lesser Tump, and Abu Musa,

01:42which have been under Iranian control since 1971.

01:53The Strait is a vital corridor connecting the oil-rich Gulf with markets in Asia, Europe, North America, and elsewhere.

02:01According to the US Energy Information Administration, the Strait of Hormuz is one of the

02:06world's most important oil choke points. About one-fifth of global oil and petroleum product consumption

02:13flows through the Strait, averaging 20 million barrels per day in 2024.

02:19Not just this, but around one-fifth of global liquefied natural gas Strait also transited the

02:25Strait of Hormuz in 2024, primarily from Qatar. Saudi Arabia and the UAE have infrastructure to bypass

02:33the Strait, potentially mitigating disruption, but their transit capacity remains very limited,

02:39around 2.6 million barrels a day. U.S. Energy Information Administration has warned that

02:45large volumes of oil flow through the Strait, and very few alternative options exist to move

02:51oil out of the Strait if it is closed. An economist and Gulf Specialist Justin

02:57Alexander said in a post that Iran would gain little and lose a lot by actually doing it.

03:04More than 80% of the oil and gas moving through the Strait is destined for markets in Asia.

03:10The move would draw retaliation and from alliances including with the GCC or Iraq,

03:16who according to the expert, would suffer the most severe economic impact,

03:20as well as oil and gas customers such as China. According to the analysis firm Kepler in China,

03:27a key backer of Tehran buys more than 90% of Iran's oil exports. The closure of the Strait may end up

03:35blocking Iran's own oil exports, which will further impact the country's struggling economy.

03:40Iran's Revolutionary Guard, the ideological army of the Islamic Republic, controls naval operations

03:54in the Gulf and the Strait of Hormuz. Tehran has repeatedly criticized the presence of foreign

04:00powers in the region, home to the U.S. Fifth Fleet in Bahrain and the Middle East's largest U.S. base in

04:06Qatar. Last year, the GAR seized a container ship transiting the Strait, accusing it of Israeli

04:13leaks following a deadly attack on Iran's consulate in Syria, blamed on Israel.

04:18In 2023, Western naval forces operating in the Gulf warned ships sailing in the strategic

04:25Strait of Hormuz against approaching Iranian waters to avoid the risk of seizure.

04:31There have been a series of such incidents since 2018, when U.S. President Donald Trump pulled out

04:37of a landmark nuclear deal with Iran, re-imposed crippling sanctions on the Islamic Republic, sending

04:43sanctions soaring. Oil transit was disrupted in 1984 during the Iran-Iraq War from 1980 to 1988 when

04:53both sides attacked each other's shipping, damaging or destroying more than 500 vessels in so-called

04:59tanker war.

What Happens If Iran Closes Strait of Hormuz Amid Israel Tensions? | Asianet Newsable

Category

Transcript

Recommended