Iran (IMNA) _ Seyyed Hamid Hosseini said in an interview with IRNA said: "The Persian Gulf countries supply nearly 40 percent of the world's exported oil and provide about 50 million barrels of the world's oil."
He added: "Of this, 20 million barrels of oil and gas pass through the Strait of Hormuz daily, and certainly any incident in this strait will have a direct impact on the energy market."
Referring to the latest developments in this strategic region over the past week, he said: "As we saw, immediately before the start of the U.S.-Israel war against Iran, without the Strait of Hormuz being physically closed, the price of oil first increased from $60 to $70. But after the failure of negotiations and the start of the war, the price increased to $83 and at times to $87."
Your Comment