00:00These points and triangles represent ships in the Strait of Hormuz and hardly
00:04any are passing through anymore. Here's the maritime traffic before the American
00:09Israeli attacks on Iran. Here's the current traffic. It dropped by 80%
00:15between February 28th and March 1st, according to the British maritime
00:19security agency UKMTO. The Strait, located south of Iran, is at the heart of
00:25the war. Its closure could have global consequences. Around 20% of the world's
00:31oil and liquefied natural gas transits through here. In response to the US and
00:36Israeli attacks, Iran has threatened to close the Strait. And on March 2nd, a
00:41senior Iranian military official threatened to set on fire any ship
00:44crossing the Strait of Hormuz. Tankers carrying petroleum products are mostly
00:50at a standstill, clustered in these anchoring zones off the region's main
00:53ports. They fear attack from Iranian drones and missiles, which have already
01:00struck at least four ships, according to Le Monde's tally. The Skylight was the first
01:04tanker hit on March 1st. Four crew members were injured. Since then, at least four
01:12other vessels have been targeted. Aboard the MKD Viome, one employee died in the
01:17engine room. Several oil and gas facilities have also been hit or damaged by
01:21bombings. Images analyzed by Le Monde show Saudi Aramco's Rastanura facility in flames on March 2nd,
01:36as well as the Fujairah facility in the UAE. This traffic halt in the Strait of Hormuz is already having
01:45consequences.
01:46The reduced supply to global markets for oil and gas is driving up prices for both commodities.
01:52The Brent crude barrel from the North Sea, the international benchmark, has risen in recent days.
01:59The Strait of Hormuz, which includes supply from Qatar and UAE, accounts for about 20% of global LNG supply.
02:07So we're kind of entering an unprecedented era, much larger, in my opinion, than what we saw in the Ukraine
02:12-Russia crisis.
02:17This is the last 1st.
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