Iran has again closed Hormuz, accusing America and Israel of breaking the ceasefire. US said there is no evidence of this. Due to this tension, the oil crisis in the world may increase again.
Iran closes Strait of Hormuz: Once again great tension has started in the world. A news coming from the Middle East has worried the markets and governments all over the world. After the peace agreement with America, Iran has taken a decision which can have a direct impact on your and our pockets. Iran’s army has again announced the closure of the world’s most important sea route, the Strait of Hormuz, to all types of ships. Iran says that America and Israel have broken their trust, that is why they are taking this step. This decision has caused a stir all over the world.
Peace agreement with US, then why did Iran suddenly take this decision?
According to Iran’s government news agency, Iran’s military command says that Israel and America are not following the ceasefire in Lebanon. Iran has called it a ‘murder of trust’. Iran’s Islamic Revolutionary Guard Corps (IRGC) has given a clear warning that ‘no ship should make the mistake of coming on this route. If any ship comes here, we will not be responsible for its safety. Iran has also said that this is just their first step. If America and Israel do not improve, then more stringent measures will be taken.
What does America have to say?
US Vice President JD Vance claims that he has no evidence to suggest that this sea route has been closed. America still hopes that the peace agreement between the two countries will remain in place.
Why this drama amid peace talks?
This whole tension has happened at a time when a huge peace talk (Nuclear Deal Talks) is going to take place between America and Iran in Switzerland. US President Donald Trump’s special envoy Steve Witkoff is also going to reach Switzerland for this meeting. Iran’s team is also going there. Iran’s Foreign Ministry spokesperson Ismail Bagai said on this conversation that ‘It is easy to reach an agreement on paper, the real test comes when it has to be implemented on the ground.’
Why is the world afraid of the closure of Hormuz?
- The Strait of Hormuz is the world’s oil lifeline. About one-third of the world’s crude oil and gas passes through this small sea route.
- If Iran really blocks this route completely, then the supply of crude oil across the world will stop.
- As soon as the supply stops, the prices of petrol, diesel and LPG (LPG) can skyrocket all over the world.