Gulf Tension: Oil prices rise due to tension between Iran and America, danger looms on the Red Sea route

The increasing military conflict between America and Iran in the Gulf countries has increased the concern of the entire world. Due to this tension, there has been a huge jump in oil prices and international shipping routes have also been threatened. US military continuously sixth night Air strikes have been carried out on Iranian targets, in response to which Iran is also taking retaliatory action.

Impact of stress and current situation

American army Qeshm Island, Bandar Abbas, Bushehr and Ahvaz Targeted military bases near. According to Iranian media, these attacks 7 people Has died. At the same time, Iran’s Revolutionary Guard has claimed missile and drone attacks on American bases in Kuwait and Bahrain. Traces of these attacks have also been seen in Kuwait and Qatar, where a child was also injured.

danger to shipping route

Iran has told Yemen’s Houthi rebels to be prepared to block the route to the Red Sea. Houthi rebels have completed preparations to attack ships near the Bab al-Mandeb Strait. Along with this, the situation also remains tense in the Strait of Hormuz, where the US Navy has increased patrolling for security.

Increase in oil prices

This instability has had a direct impact on the global markets. The figures of increase in crude oil prices are given below:

US Central Command has said that their main goal is to keep the Strait of Hormuz safe and open, while Iran considers it its border. At present, traffic in these areas has been greatly affected, due to which concerns regarding energy supply have increased.