Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
In the satellite image of the Strait of Hormuz, Qashm Island and the United Arab Emirates and the United Arab Emirates are a strategic marine choir with Iran. Imaged 24 May 2017.
Gallo Pictures | Getty pictures
US Secretary of State Marco Rubio On Sunday, Iran called on Iran to prevent the closure of the Strait of Hormuz, one of the most important trade routes of the world’s crude oil.
“The Chinese government is calling to call on this in Beijing, because they depend on the Strait of Hormaes for Hormuz,” Rubio Fox said in an interview. China is Iran’s most important oil customer and protects friendship with the Islamic Republic.
Pus The Foreign Minister warned On Sunday, the Islamic Republic “contains all the options to protect the sovereignty,” after the United States bombed three main nuclear sites the weekend.
Iranian state media, meanwhile, meant this time The Iranian parliament has been closed Hormuz Strait, referring to a high deputy. However, according to the report, the final decision to connect the throat with the National Security Council of Iran.
An attempt to prevent the narrow water road between Iran and Oman can lead to deep results for the global economy. According to him, 20 million barrels of crude oil or 20% of global consumption per day Energy Information Department.
If the throat is closed for an extended period, the price of oil can hit the price of a barrel above a barrel. JPMorgan analysts, the United States closes the Hormuz, because the United States looks as a war of war.
Rubio, the oil oil of the Islamic Republic also passes through the water path, because Iran will be “economic suicide”. Iran is the third largest oil manufacturer in OPEC, hitting 3.3 million barrels per day. This exports at least 1.6 million BPDs, sold about 80% to China, For the Elder.
The US Secretary of State said that the United States maintains the choices of relations with Iran trying to close the throat.
“This would hurt the economy of other countries in a worse way than us,” Rubio. “I think I think it’s just a massive escalation that will answer others, not by us.”
The fifth naval in the United States is located in Bahrain and was instructed to protect the offshore trade in the Persian Gulf. Oil market participants believe that the US Navy will defeat any effort to prevent Iran’s Strait of Iran. However, some analysts warn the risk of the market.
“In our opinion, in our statements, the market can send the market for a longer term,” he said.
Shipping can be cut for weeks or months, McNally, according to the oil market, according to the situation of the US Navy, or in the days.
The United States would not win, but “no a tortewalk” told McNally CNBC.
