According to a Revolutionary Guards spokesperson on Tuesday, Iranian forces will not permit the shipment of oil from the area to US and Israeli partners as long as the conflict is ongoing. Ali Mohammad Naini stated, “The Iranian armed forces… will not allow the export of a single litre of oil from the region to the hostile side and its partners until further notice,” as reported by Iran’s Tasnim news agency.
Any changes, he said, would depend on the circumstances surrounding the conflict. The US and Israel attacked Iran on February 28, killing Ayatollah Ali Khamenei, the country’s top leader, and starting a conflict that has spread throughout the Middle East. Iran has retaliated by attacking US and Israeli interests throughout the region with drones and missiles. Nearly 20% of the world’s crude oil typically passes through the strategically important Strait of Hormuz, where shipping activity has been severely interrupted.
After Tehran indicated that the vital Strait of Hormuz would probably stay closed, the Iran war caused oil prices to surge on Monday. AFP Since the start of the conflict, Iranian forces have frequently targeted oil tankers traveling through the vital canal. Since then, oil prices have skyrocketed to over $100 per barrel, the highest since Russia invaded Ukraine in 2022. However, on Monday, they reversed course following US President Donald
According to Trump, military operations will soon come to an end.Their attempts to regulate and lower the price of gas and oil will be short-lived and ineffective, according to IRGC spokesperson Naini. “Trade in war conditions is hinged on security.” Late on Monday, the Revolutionary Guards called on nations to remove their Israeli and American diplomats so they could cross the Strait of Hormuz.
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