Iran’s closure of the Strait of Hormuz is an international crisis
Al Jazeera
As such, it requires urgent action.
For more than two weeks now, maritime traffic through the Strait of Hormuz has been disrupted. Several vessels have been attacked, and many others have been stuck on the two ends of the strait, unwilling to take the risk of passing through.
This has had not just regional but global repercussions. The strait is the principal gateway for several Gulf Cooperation Council (GCC) states to global markets. About 20 percent of the world’s petroleum and nearly a fifth of global liquified natural gas (LNG) flows pass through it. For this reason, the Strait of Hormuz is one of the world’s most strategically significant maritime corridors.
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