DUBAI: After President Donald Trump vowed to “obliterate” Iranian power facilities if the Strait of Hormuz is not fully reopened within 48 hours, the US and Iran threatened to destroy vital infrastructure on Sunday. Iran threatened to “completely close” the waterway, which is essential for oil and other exports, if the US pursues its threat.
Iran’s military has declared that it will retaliate by attacking US IT, oil, and desalination facilities in the area. The verbal spat started after Iranian missiles hit two cities close to Israel’s primary nuclear research facility, smashing apartment buildings and hurting dozens of people. As the Middle East conflict entered its fourth week, the events signaled a risky new escalation.
The Strait of Hormuz, which links the Arabian Gulf to the rest of the globe, is essentially closed by Iran. It transports almost one-fifth of the world’s oil supply, but nearly all tanker traffic has been halted due to ship assaults and threats of more strikes. Due to the lack of a market for their crude, several of the biggest oil producers have reduced production. Oil is a major source of energy for the United States and its allies in Europe and Asia. The United States has removed some restrictions on Iranian oil at sea in an effort to ease pressure on energy prices.
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