00:00the Strait of Hormuz, through which 20% of the world's oil flows,
00:05has just been redesignated a warlike operations area by international shipping unions.
00:10After Iran resumed firing on commercial vessels this week,
00:13on June 27, Iran attacked ships in the strait,
00:17and the U.S. military responded with retaliatory strikes on Iranian coastal radar systems
00:23and military sites on Keshem Island.
00:25The container ship Ever Lovely was also attacked three days earlier.
00:30Killing International Maritime Organization plans to evacuate 11,000 sailors stranded in the Gulf.
00:36The International Transport Workers Federation confirmed the warlike designation July 2,
00:42meaning sailors now receive hazard pay, and shipping companies can cancel standard contracts.
00:48Just two weeks ago, there was a ceasefire agreement.
00:51Now it is unraveling in real time.
00:54For Americans, the consequence is simple.
00:57Every disruption at Hormuz means higher oil prices within weeks.
01:01Every disruption at Hormuz means higher oil prices within weeks.
01:02When the fuel willpower surge in hectare and water倍數 sieht in the Gulf.
01:02Before you are wearing TYRON's gonna be taking the visage CONDITING THREEPPOTский SPASTERS.
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