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Israel-Iran war: Hormuz, the world's oil chokepoint, is under tension

Israel-Iran war: Hormuz, the world's oil chokepoint, is under tension

LeMonde7 hours ago

Since the night of Thursday, June 12, and the Israeli offensive against the Islamic Republic of Iran, all eyes have been on the Strait of Hormuz. This passage, barely 50 kilometers wide at points and located between the coasts of Iran and the Sultanate of Oman, supplies a significant share of the global oil market by linking the oil-producing countries of the Middle East with the rest of the world. Alongside the Strait of Malacca in Southeast Asia, it remains one of the most crucial zones for the trade of crude oil.
Gulf countries account for nearly a third of global oil production
The Strait of Hormuz lies at the heart of one of the world's major oil-producing regions. It is bordered by five members of the Organization of the Petroleum Exporting Countries (OPEC) – Saudi Arabia, Iran, Iraq, Kuwait and the United Arab Emirates – as well as two other producers, Qatar and Oman.
Together, these seven countries account for nearly one third of global production (including crude, shale, oil sands and condensates), or about 30 million barrels per day in 2023, according to the latest figures from the Energy Institute. "Despite the rise of shale oil in the United States [the world's leading producer], Gulf countries remain indispensable," summed up Ahmed Ben Salem, an analyst for Oddo BHF bank.
Every day, these countries export a significant portion of their output. In the first quarter of 2025, around 20.1 million barrels per day passed through the Strait of Hormuz – more than a quarter of all oil traded by sea worldwide and nearly one fifth of global consumption, according to the US Energy Information Administration (EIA).

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Video shows Malaysia factory fire, not Iranian attack on Israel's air defence system
Video shows Malaysia factory fire, not Iranian attack on Israel's air defence system

AFP

time2 hours ago

  • AFP

Video shows Malaysia factory fire, not Iranian attack on Israel's air defence system

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Israelis eager to regain carefree life after ceasefire announcement
Israelis eager to regain carefree life after ceasefire announcement

France 24

time4 hours ago

  • France 24

Israelis eager to regain carefree life after ceasefire announcement

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Netanyahu declares 'historic' victory while US intel reports Iran nuclear sites not destroyed
Netanyahu declares 'historic' victory while US intel reports Iran nuclear sites not destroyed

France 24

time4 hours ago

  • France 24

Netanyahu declares 'historic' victory while US intel reports Iran nuclear sites not destroyed

Israeli Prime Minister Benjamin Netanyahu declared a "historic victory" against Iran despite a US intelligence report concluding that American strikes set back Tehran's nuclear program by just a few months. Iran and Israel agreed a ceasefire on Tuesday ending 12 days of tit-for-tat strikes, after US President Donald Trump joined the conflict with bunker-busting bombs at the weekend that he said destroyed key Iranian nuclear sites. A classified preliminary US intelligence report however, concluded that American strikes on Iran set back its nuclear program by just a few months. Trump rebuffed that claim on Tuesday, posting on his Truth Social account that "THE NUCLEAR SITES IN IRAN ARE COMPLETELY DESTROYED!" White House Press Secretary Karoline Leavitt confirmed the authenticity of the assessment but said it was "flat-out wrong". In an address to the nation after the ceasefire announcement, Netanyahu said "Iran will not have a nuclear weapon". "We have thwarted Iran's nuclear project," he said. "And if anyone in Iran tries to rebuild it, we will act with the same determination, with the same intensity, to foil any attempt." Israel had said its bombing campaign, which began on June 13, was aimed at preventing Iran from acquiring a nuclear weapon, an ambition Tehran has consistently denied. Israel's military said that its strikes had set back Iran's nuclear programme "by years". 02:03 After Trump angrily berated both sides for early violations of the truce on Tuesday, Tehran announced it would respect the terms of the deal if Israel did the same, while Israel said it had refrained from further strikes. Iranian President Masoud Pezeshkian said his country was willing to return to negotiations over its nuclear programme, but that his country would continue to "assert its legitimate rights" to the peaceful use of atomic energy. Leaked intel US media on Tuesday cited people familiar with the Defense Intelligence Agency findings as saying the American strikes did not fully eliminate Iran's centrifuges or stockpile of enriched uranium. The strikes sealed off entrances to some facilities without destroying underground buildings, according to the report. White House Press Secretary Leavitt responded on social media: "The leaking of this alleged assessment is a clear attempt to demean President Trump, and discredit the brave fighter pilots who conducted a perfectly executed mission to obliterate Iran's nuclear program." While Iran and Israel have been locked in a shadow war for decades, their 12-day conflict was by far the most destructive confrontation between them. 08:41 Israeli strikes hit nuclear and military targets -- killing scientists and senior military figures -- as well as residential areas, prompting waves of Iranian missile fire on Israel. The war culminated in US strikes on underground Iranian nuclear sites using bunker-busting bombs -- which Israel lacks -- followed by an Iranian reprisal targeting the largest US military facility in the Middle East. Trump shrugged off that response as "weak", thanking Tehran for giving advance notice and announcing the contours of the ceasefire just hours later. 'Everyone is tired' Some Israelis welcomed the prospect of a truce. "Everyone is tired. We just want to have some peace of mind," said Tel Aviv resident Tammy Shel. "For us, for the Iranian people, for the Palestinians, for everyone in the region." In Iran, people remained uncertain whether the peace would hold. Amir, 28, fled from Tehran to the Caspian Sea coast and told AFP by phone, "I really don't know... about the ceasefire but honestly, I don't think things will return to normal." Israeli strikes on Iran killed at least 610 civilians and wounded more than 4,700, according to the health ministry 24 people in Israel have been killed since the conflict began, according to official figures and rescuers. The international community reacted with cautious optimism to the truce. Saudi Arabia and the European Union welcomed Trump's announcement, while Kremlin spokesman Dmitry Peskov said Russia hoped "that this will be a sustainable ceasefire". But French President Emmanuel Macron warned there was an "increased" risk that Iran would attempt to enrich uranium secretly following the strikes on its nuclear sites. After the truce was announced, Israel's military chief Eyal Zamir said Israel's focus would now shift back to Gaza. The Israeli opposition, the Palestinian Authority and the main group representing the families of Israeli hostages all called for a Gaza truce to complement the Iran ceasefire.

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