#strait-of-hormuz

#strait-of-hormuz

If Iranian forces board a US-flagged commercial vessel, the crew should not forcibly resist the boarding party. Refraining from forcible resistance does not imply consent or agreement to that boarding, the guidelines read. It is recommended that US-flagged commercial vessels transiting these waters remain as far as possible from Iran's territorial sea without compromising navigational safety. When transiting eastbound in the Strait of Hormuz, it is recommended that vessels transit close to Oman's territorial sea.

"We are much more worried about European gas prices than we are about oil prices."

"Iran's unilateral closure of the Strait of Hormuz would be the equivalent of dropping an atomic bomb on the oil market, entering uncharted territory for global commerce."

President Donald Trump's unprecedented decision to bomb three Iranian nuclear sites has deepened fears of a widening conflict in the Middle East. Analysts suggest that Iran may retaliate by closing the Strait of Hormuz, a crucial trade route for global oil supply.

Wael Sawan emphasized the careful management of shipping in the Middle East due to rising tensions, highlighting the significant uncertainty in the region caused by recent conflicts.