US warships enter Strait of Hormuz
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After the U.S. military launched operations to de-mine the Strait of Hormuz, the Islamic Revolutionary Guard Corps (IRGC) Navy reportedly warned an American destroyer in the passageway. “This is
4hon MSN
Why reopening the Strait of Hormuz won’t be enough to solve shipping woes and high oil prices
Reopening the Strait of Hormuz is proving to be difficult. But even if the vital waterway fully opens and oil and other necessary cargo sail out, it won’t be enough to return things to normal.
The Islamic Revolutionary Guard Corps’s small, fast-attack boats hold sway in the strategic waterway.
Oil prices rose again above $100 a barrel as initial optimism over the deal gave way to uncertainty about when passage through the Hormuz Strait might resume.
Energy industry experts warn that allowing Iran to charge ships to ensure safe passage through the strait would raise energy costs.
Steps would be taken, in consultation with the Bangladesh government, to enable the vessels to cross the strait, he says
WASHINGTON, April 11 (Reuters) - The U.S. military said on Saturday that it had started “setting conditions" for clearing mines in the Strait of Hormuz, with two U.S. warships passing through the key waterway.
The U.S. had demanded that Iran immediately reopen the strait to all maritime traffic, but Iran said it would do so only after a final peace deal, according to Iranian officials.
Iran is not in a hurry, and until the US agrees to a reasonable deal, there will be no change in the situation of the Strait of Hormuz,” an official said.