Closing Hormuz Cost Iran More Than It Bought

On February 28, American and Israeli forces began strikes on Tehran that eventually eliminated Iran’s Supreme Leader. Within days, Iran declared the Strait of Hormuz closed, and roughly 20 million barrels a day of crude and petroleum liquids, about one-fifth of global consumption, stopped moving through a channel 39 kilometers wide at its narrowest. Iran Continue reading Closing Hormuz Cost Iran More Than It Bought The post Closing Hormuz Cost Iran More Than It Bought appeared first on Fair Observer .