Jakarta \u2014 Middle Eastern analyst Faisal Assegaf has assessed that the\nStrait of Hormuz will not be safe for passage whilst the conflict\nbetween Iran and the United States-Israel continues.<\/p>\n
\u201cAs long as Iran\u2019s war against America and Israel continues, the\nStrait of Hormuz will not be safe to pass through,\u201d Faisal told ANTARA\nin Jakarta on Wednesday (11 March).<\/p>\n
He explained that Iran has declared its commitment to maintaining\nnational sovereignty by rejecting ceasefire proposals and choosing to\ncontinue the war until what Iran describes as the aggressors have\nreceived a \u201clesson\u201d.<\/p>\n
\u201cIran has already stipulated that countries maintaining diplomatic\nrelations with America and Israel must expel the ambassadors of both\nnations from their territory,\u201d Faisal added.<\/p>\n
The escalation of conflict in the region has also impacted the Strait\nof Hormuz, a strategically important shipping lane traversed daily by\nvessels carrying approximately 20 million barrels of oil.<\/p>\n
Several cargo ships that have continued to transit have been reported\nstruck by projectiles of unknown origin.<\/p>\n
Faisal noted that security disruptions in the Strait of Hormuz have\ncaused shipping activity to decline by approximately 90 per cent,\npotentially driving up global oil prices.<\/p>\n
\u201cCurrently, only two to three ships pass through the Strait of Hormuz\ndaily, compared to normal conditions which see approximately 100\nvessels,\u201d he said.<\/p>\n
Recent maritime traffic disruptions in the Strait of Hormuz have\ntriggered concerns about potential cascading effects on energy markets,\nmaritime transport, and global supply chains, according to the United\nNations Conference on Trade and Development (UNCTAD) on Tuesday.<\/p>\n
In its analytical report, UNCTAD noted that military escalation in\nthe region has disrupted shipping flows through the Strait of Hormuz, a\nvital waterway carrying approximately one-quarter of global maritime oil\ntrade as well as significant volumes of liquefied natural gas and\nfertiliser.<\/p>\n
The report also noted that oil markets reacted swiftly to the\ndisruptions. Brent crude oil prices surged above USD 90 per barrel\nshortly after the incident.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/analyst-strait-of-hormuz-unsafe-while-iran-conflict-continues-1773237141", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }