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Iran: Strait of Hormuz transit to be allowed for countries expelling Israeli and US ambassadors

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Suehyeon Lee

Summary

  • The Iranian government said it plans to allow transit through the Strait of Hormuz for countries that have expelled Israeli and US ambassadors.
  • Iran said the measure is expected to take effect the day after a roughly one-week closure of the strait.
  • With about 20% of global crude oil supply disrupted by the fallout from military conflict in the Middle East, international oil prices were shown to have fallen by about $33 per barrel over the past 20 hours.

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Photo=Shutterstock
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Iran said it plans to allow passage through the Strait of Hormuz for Arab and European countries that expel Israeli and US ambassadors.

According to a BBC report cited by the Koveisi Letter on the 9th, the Iranian government said it would allow countries that have expelled Israeli and US ambassadors to “pass through the Strait of Hormuz with full authority and freedom.”

Iran said the policy is expected to take effect the day after a roughly one-week closure of the strait. The announcement reportedly came shortly after US President Donald Trump said he was reviewing the possibility of controlling the Strait of Hormuz.

Amid the fallout from military conflict in the Middle East, about 20% of global crude oil supply remains disrupted. However, with the possibility of an end to the war being discussed, international oil prices were shown to have fallen by about $33 per barrel over the past 20 hours.

Suehyeon Lee

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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