«We will not allow a single drop of oil to leave the region.» Iran threatened to 'burn' all vessels in the Strait of Hormuz
Tehran is also ready to 'strike all oil pipelines in the region' to stop oil exports from the Middle East.
Tankers in the Strait of Hormuz. Photo: Iranian Army/Handout/Anadolu via Getty Images
Iran will "burn" all foreign vessels that try to pass through the Strait of Hormuz, said Ibrahim Jabari, an advisor to the commander of the Islamic Revolutionary Guard Corps (IRGC), writes Moscow Times.
«We will not allow a single drop of oil to leave this region,» he stressed, adding that Tehran is ready to «strike all oil pipelines in the region» to stop oil exports from the Middle East.
Since February 28, when the military operation by the US and Israel against Tehran began, Iranian forces have attacked five oil tankers in the Strait of Hormuz.
Specifically, the attacked tankers included MRD Vyom flying the flag of the Marshall Islands, Hercules Star (Gibraltar), Stena Imperative (USA), Athen Nova (Honduras), and one vessel in the port of Jebel Ali (UAE).
The Strait of Hormuz is the most important energy artery on the planet: approximately 20% of global oil supplies and up to 30% of liquefied natural gas (LNG) pass through it.
Following the start of the military operation against Iran, navigation in the strait was paralyzed — Tehran, which controls the northern shore of the strait, announced a halt to trade through it.
According to data from the MarineTraffic vessel tracking system, as of the evening of March 2, there were no tankers in the Strait of Hormuz. At the same time, a buildup of vessels was observed at its entrance — off the coast of the UAE and between Oman and Iran. In total, more than 250 vessels carrying oil, petroleum products, and LNG were at anchor or in transit near the waterway. Additionally, about 70 bulk carriers and container ships were observed at the entrance to the strait. Before Iran blocked the route, 200-300 vessels passed through it daily, ensuring the supply of energy resources from the Persian Gulf countries to Asia and Europe.
Against the backdrop of the Strait of Hormuz closure, the price of Brent crude oil rose by 13% during trading on March 2, reaching $82.37 per barrel — a record high since mid-January 2025. However, it then corrected to $78.1 (+8%). Simultaneously, gas prices in Europe jumped by more than 50% — to 48.85 euros per MWh, or $591.5 per 1000 cubic meters. Gas last cost that much in early February last year.
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