As a result of the Iran and US-Israel war, normal shipping through the Strait of Hormuz has been completely suspended.
Modern.az reports that the publication “Al-Jazeera” has disseminated information.
According to the information, the Strait of Hormuz has been practically closed due to increasing tension.
This has caused a serious resonance in global trade and energy markets.
With the closure of the Strait, energy prices have sharply increased. As a result of instability in the oil market, the prices of “Brent” crude oil have risen.
The UAE and a number of countries have expressed their desire to join a multinational maritime task force to reopen the Strait.
