“A new chapter” opens in the Gulf. After two months of conflict and with negotiations stalledthe supreme leader of Iran, has assured that “a new chapter” is opening in the Persian Gulf after what he has described as the “dismal failure” of the United States.
In his speech, Khamenei has defended that Iran, with its control over it, will guarantee regional security and put an end to what he considers abuses. Furthermore, he has stated that a “new management” will bring stability and economic benefits to all surrounding countries.
“The Islamic Republic of Iran, through practical gratitude for the blessing of exercising management over the Strait of Hormuz, will ensure the security of the Persian Gulf region and dismantle the enemy’s carpets of abuse in this sea lane,” he said.
“The legal regulations and the application of a new management of the strait will forge tranquility and progress for the benefit of all nations in the region, and its economic blessings will gladden the hearts of the people,” he added in his speech.
The announcement comes after two months of conflict in the regionwith the Strait of Hormuz as the main pressure channel. About 20% of the world’s oil passed through there before the situation got complicated. Now, traffic is down and prices are up.
Strait of Hormuz
Since the beginning of the US-Israeli offensiveIran has responded with attacks in the region and with the blockade of Hormuz, a move that has directly impacted the global energy market and has had an impact on the pockets of all consumers. Meanwhile, the United States maintains its military presence in the area and remains active and dozens of ships linked to Iran have already been blocked.
