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Iran is considering the possibility of closing the Strait of Hormuz, the world's most important sea route for oil transportation, according to reports from the Iranian state news agency IRINN, which quotes a member of the National Security Commission in Tehran.
The Strait of Hormuz, located between Iran and Oman, is a strategic artery for global energy supplies. About 20% of the world's daily oil consumption, more than 17 million barrels per day, passes through it, as well as a significant amount of liquefied natural gas (LNG).
According to Sky News, blocking this route would have immediate consequences for global energy markets, pushing the price of oil above 74 pounds per barrel (from 55 pounds currently), and increasing the risk of new inflation in the West and a supply crisis in Asia.
Such a move by Iran would constitute a dramatic escalation in regional tensions following Israel's air offensive and the Mossad executions of senior Iranian military leaders. Experts warn that any attempt to block the strait would face a harsh response from the US, Britain and allies, who regularly patrol the area to ensure freedom of navigation.
Historically, Iran has threatened to close the Strait of Hormuz several times as a means of political pressure, but has never fully carried it out, in part because of the severe effects such an action would have on the Iranian economy itself. However, in the current context of military destabilization and internal pressure, the risk is higher than ever.
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