America and Israel are losing billions of rupees, but Iran is minting silver? Is this war a disaster or an opportunity – understand what is going on?
Strait of Hormuz
Amid growing tension in the Middle East, the conflict between Iran and the United States is now the world’s most important oil route. Strait of Hormuz Has reached. According to reports, Iran is now considering charging a transit fee of up to $2 million from ships passing through this strait, or in some cases it has already been implemented.
Alaeddin Boroujerdi, a member of the National Security Committee of the Iranian Parliament, said that this step is necessary considering the cost of the war. He called it part of the ‘new sovereign control’. meanwhile, Donald Trump Gave a 48-hour ultimatum to Iran and warned that if the Strait of Hormuz was not opened without any threat, America could attack Iran’s power plants.
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How did Iran respond to Trump’s threat?
Responding to this threat, Iran said that if its infrastructure is attacked, it will target the energy and technological infrastructure of America and Israel. President Masoud Pezeshkian also gave a strong statement and said that threats do not weaken the country but strengthen it further. He said the Strait of Hormuz is open to all, except those who violate Iran’s border.
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What is the effect of tension on the oil market?
The effect of this tension is also visible on the global oil market. The price of Brent crude reached around $112 per barrel, while American WTI is also trading around $98. Experts believe that if the situation does not improve, prices may go up to $120.
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Will the world face its biggest energy crisis?
Fatih Birol, head of the International Energy Agency, has warned that the world could face the biggest energy crisis since the 1970s. According to him, in the current situation, global supply has been affected by 11 million barrels per day, which is more than previous major oil shocks.
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