Russia warns of the dangers of closing the Strait of Hormuz to oil transport.
The Russian Foreign Ministry said on Sunday (01/03) that the closure of the Strait of Hormuz to shipping could lead to significant imbalances in international oil and gas markets.
Trade sources said yesterday, Saturday (28/02), that several tanker owners, major oil companies and trading houses suspended the transport of crude, fuel and liquefied natural gas through the Strait of Hormuz after the US and Israeli attack on Iran and Tehran said it had closed the passage of ships.
About 20% of global oil production from oil-producing countries such as Saudi Arabia, the United Arab Emirates, Iraq, Kuwait and Iran passes through Hormuz along with huge quantities of liquefied natural gas from Qatar.
The Russian Foreign Ministry said that the news of the death of Ayatollah Ali Khamenei and members of his family as well as a number of high-ranking Iranian officials was received with deep sorrow in Russia.
With Russia's allies ousted from Syria and Venezuela, Khamenei's fall poses a challenge for Moscow, although the Kremlin has so far shown little inclination to test US President Donald Trump on Iran and is having more success than the West had predicted in negotiating with Syria's new leaders.
“The Russian Federation resolutely and firmly condemns the practice of political assassinations and the ‘hunting’ of leaders of sovereign states, which contradicts the fundamental principles of civilized interstate relations and flagrantly violates international law ,” the ministry said in a statement.
The Russian Foreign Ministry also urgently called for de-escalation, an end to hostilities, and a return to political and diplomatic efforts.
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