Recent events around the Strait of Hormuz have intensified the situation between the US and Iran. Secretary of State Marco Rubio issued warnings about potential repercussions for Tehran.
US warns Iran of 'economic suicide'
US Secretary of State Marco Rubio stated during a Fox News interview that closing the Strait of Hormuz would be 'economic suicide' for Iran. He also warned of possible military response from the US if such a move is made. Rubio called on China to discuss this with Tehran, emphasizing that the Chinese economy heavily relies on oil that flows through the strait.
Airstrikes on Iranian nuclear facilities
The recent US airstrike on Iranian nuclear sites, including Fordow, Natanz, and Isfahan, was described by Rubio as a response to Iran's long-standing avoidance of direct negotiations. The operation utilized 14 bunker-buster bombs and more than 125 aircraft. Rubio noted that Iran cannot manipulate the US, referring to their actions as 'games'.
Implications of closing the Strait of Hormuz for the economy
Rubio highlighted that closing the Strait of Hormuz would have negative effects not only on the US but also on other countries, with approximately 20% of global oil and gas passing through this strategic route. The Iranian parliament's decision to plan for the closure of the strait came just hours after the airstrikes, further escalating the situation.
The situation surrounding the Strait of Hormuz remains tense, with the US response underscoring the significance of this geopolitical region. The threat of closing the strait poses potential risks for the global economy.
