HORMUZ BLOCKADE IS 'WORSE THAN WAR’: IRANIAN OFFICIAL SAYS US BLOCKADE WOULD COST IRAN $18 BILLION
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| Source | Latest linked headline | Age |
|---|---|---|
| JPost.com - The Jerusalem Post - | HORMUZ BLOCKADE IS 'WORSE THAN WAR’: IRANIAN OFFICIAL SAYS US BLOCKADE WOULD COST IRAN $18 BILLION | just now |
WHAT HAPPENED
An Iranian official, Majidreza Hariri, has warned that a US blockade of the Hormuz Strait would be devastating for Iran, with estimated losses of $18 billion, according to JPost.com - The Jerusalem Post -. Hariri emphasized the severity of the situation, stating it would be 'worse than war'. This warning comes as tensions between the US and Iran continue to escalate.
Hariri told Iranian site Khabar Online that Iran should not become accustomed to the blockade, as it has with sanctions, and instead should impose the cost of lifting the blockade on the US, even if it means going to war. The situation is further complicated by reports of US forces striking a Panamanian vessel in the Gulf of Oman over an alleged breach of the blockade on Iran, as reported by JPost.com - The Jerusalem Post -.
The Hormuz Strait is a critical waterway for international oil trade, and a blockade would have significant implications for global energy markets and the Iranian economy. The situation is part of a broader context of escalating tensions between the US and Iran, with various reports of military actions and diplomatic efforts in the region.
- Iranian official warns of $18 billion loss due to US blockade
- US forces strike Panamanian vessel in Gulf of Oman
- Tensions between US and Iran continue to escalate
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