Iran closes the Ormuz Strait. The Islamic Advisory Assembly of the country, has recommended this Saturday the closure of one of the main commercial and economic steps of the world. All this in retaliation for the United States attack against the country’s nuclear facilities, Although the final decision will remain in the hands of the supreme leader, the ayatollah There Jamenei.
In comments collected by the Iranian Public Radio, the General Esmaeil kousaria member of the National Security Commission of Parliament, has confirmed that the Chamber “has reached the conclusion that the Strait must be closed, but The decision falls to the Supreme National Security Council. “
Iran is an important oil producer, with a pumping of 3.3 million barrels per day of crude oil and exports close to 1.7 million, so, if there is an escalation, it is not difficult to anticipate an interruption of the Iranian oil supply.
Experts such as the person in charge of raw material strategy of ING Research, Warren Pattersonthey warned in the middle of the month that an escalation scenario raises the possibility of interruptions in maritime transport. If the closure is finally carried out, the oil flows of the Persian Gulf would be affected.
“A significant interruption of these flows would be sufficient to boost prices at $ 120 per barrel,” says the analyst, anticipating that if the interruptions persist around the year, “We could see Brent quoting new historical maximumsexceeding the record of about $ 150 per barrel of 2008 “.
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