Iran seeks to tighten control over strait of Hormuz alongside Khamenei funeral
Summary
Iran is increasing its control over the strait of Hormuz, a crucial waterway for global shipping, amid events surrounding the funeral of the country’s supreme leader, Ali Khamenei. Tensions have risen as Iran’s military warns ships, and international efforts, including from France and the UK, aim to keep shipping routes open and safe.Key Facts
- Iran’s Islamic Revolutionary Guard Corps (IRGC) is tightening control over the strait of Hormuz.
- Many ships have been stuck in the strait and recently used a southern route supported by the US and Oman to avoid Iran-controlled northern routes.
- France and the UK plan to send a naval force to clear mines and protect the southern route.
- Iran rejects this naval plan as interference in its affairs.
- Ship traffic through the strait has decreased, with more ships using routes controlled by Iran.
- Oil prices have dropped from $125 to about $75 per barrel due to increased oil availability.
- The US and Iran signed a deal requiring Iran to restore normal shipping traffic and not impose tolls for 60 days.
- Oman is proposing a system to charge fees for services in the strait, similar to what exists in the strait of Malacca.
- Talks between the US and Iran are paused until after Khamenei’s funeral, with military build-ups continuing on both sides.
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