Strait of Hormuz Crisis Triggers Biggest Global Oil Supply Disruption

The increasing military tension between Iran, United States and Israel in the Middle East has made the global situation extremely serious. The situation seemed to worsen on the 13th day of the war, where Iran threatened US President Donald Trump Giving a stern warning to America, he said that America will be made to regret its ‘serious mistake’.

Iran’s security chief Ali Larijani said that Tehran is not going to back down. He said that if America attacks Iran’s power infrastructure, the entire area can be plunged into darkness within half an hour and the situation will become extremely dangerous for American soldiers.

Iran vs Israel US War: Top 10 updates so far

1. Iran’s new supreme leader Mojtaba Khamenei Has clearly said that closing the Strait of Hormuz can be a weapon of strategic pressure. This is the most important sea route in the world, through which earlier about 20 million barrels of oil used to pass daily.
2. However, Iran’s Deputy Foreign Minister Majid Takht-Ravanchi rejected the claim that Iran was laying sea mines there. He said that Iran has also given safe passage to the ships of some countries, but this facility will not be given to the countries which are involved in the attack.
3. In view of the rapidly deteriorating situation, the International Maritime Organization has decided to call an emergency meeting. This meeting will be held in London on 18–19 March, in which the growing threat to global shipping will be discussed.
4. On the other hand, the International Energy Agency has said that this crisis has become the biggest supply disruption in the history of the global oil market. There has been a huge decline in oil production and many Gulf countries together have reduced production by about 10 million barrels per day. Crude oil production has decreased by about 8 million barrels per day, due to which oil prices have crossed $ 100 per barrel.
5. Two oil tankers were attacked near Iraq, in which at least one Indian citizen was killed. About 51 crew members have been evacuated safely. Iran’s Revolutionary Guards have claimed responsibility for the attack on an American-owned ship.
6. Several loud explosions were heard in Iran’s capital Tehran. Clouds of smoke were seen rising in the western part, although it is not yet clear what the target was. These incidents came to light on the 13th day of the war.
7. Israeli army Israel Defense Forces claimed that it has killed Hezbollah’s missile operations commander Abu Dharr Mohammadi in Beirut. It was told that he was an important face of military coordination between Iran and Hezbollah. This action has further increased regional tension.
8. An Italian military base in the Kurdistan region of Iraq was attacked by a drone or missile. The base’s buildings and equipment were damaged in the attack, but no soldiers were injured. All the soldiers were in the bunker at the time of the attack.
9. There have been reports of several drone attacks on Kuwait International Airport. This attack caused only property damage and no casualties, but it has increased concerns about the security of the Gulf region.
10. The Indian Embassy in Qatar has issued an advisory for Indian citizens. About 700 Indians have been sent to India through two flights and the flights will continue in future also. If needed, the option to exit via Saudi Arabia has also been given.