Oil prices have increased after Iranian officials emphasized that the Strait of Hormuz will not return to its previous state for the US and its allies.

The country Washington is bombing is the same one whose waters guard a third of the worlds urea trade, meaning Iran holds the lever that can prevent the global famine this war has made foreseeable.

Iranian oil exports remain high despite US piracy and blockade claims, where Chinese buyers pay premiums, Indians pay in yuan, and Iran uses Hormuz’s legal geography as leverage.

Global oil prices climb markedly after renewed tensions in the Strait of Hormuz and the uncertainty of the prospects of further Iran-US negotiations.

US-Israeli strikes on Iran hit civilian and energy infrastructure, causing severe environmental damage, toxic pollution, health risks, and long-term impacts including soil and water contamination and ecological harm.

Iran says it has domesticated the construction and renovation of more than 9,500 industrial equipment in Neka Power Plant.

Iran has vehemently rejected a UAE-backed proposal adopted by IMO on a ‘maritime corridor’ in the Strait of Hormuz.