Skip to playerSkip to main content
  • 14 hours ago
Iran has indicated the possibility of re-closing the Strait of Hormuz following the deaths of two individuals in southern Lebanon due to Israeli military action on June 23. This escalation has reignited hostilities that Iran views as a critical factor for the completion of its peace agreement with the United States. Iran is insisting on a complete ceasefire in Lebanon as part of any overarching accord; however, Israel claims it will continue to act freely against perceived threats from Hezbollah. Neither Israel nor Hezbollah is party to the US-Iran agreement. The ongoing situation in Lebanon, combined with tensions over nuclear inspections, poses a risk of destabilizing oil markets once again. On Monday, only 39 vessels traversed the Strait, significantly lower than pre-conflict figures. Experts in American energy forecast that a renewed closure could drive US gasoline prices above $4.50 within a fortnight.
Transcript
00:00the iran deal is balanced on a knife's edge and lebanon just pushed it closer to the edge iran has
00:06signaled it could re-close the strait of hormuz after israeli forces killed two people in southern lebanon on tuesday
00:13exactly the kind of lebanon escalation that iran said would halt the entire peace process here is the architecture of
00:20this crisis iran demanded a full ceasefire in lebanon as a precondition for finalizing the nuclear deal
00:27israel says it has full freedom of action against hezbollah threats neither israel nor hezbollah signed the u.s. iran
00:34memorandum the strait of hormuz only had 39 ship crossings on monday a fraction of its pre-war volume of
00:4120 million barrels of oil per day if iran recloses the strait american energy analysts warn u.s. gas prices
00:49could surge back above four dollars fifty per gallon within two weeks the lebanon question is not a side issue
00:57it is the trip wire that could undo everything in the next sixty day window
Comments

Recommended