Iran Won’t Block the Strait of Hormuz, Envoy Tells UN.

Iran’s Official Position on the Strait of Hormuz

According to TSN.ua: On March 12, Iran’s ambassador to the United Nations, Amir Saeed Iravani, stated that Tehran has no intention of closing the Strait of Hormuz. However, he emphasized that Iran reserves the right to maintain security in the area. Iravani described the preservation of peace and safety along this crucial waterway as an inherent right of the Islamic Republic.

He further clarified that the current tensions in the region—including around the Strait of Hormuz—are not the result of Iran lawfully exercising its right to self-defense. Instead, Iravani attributed the situation to destabilizing actions by the United States, which he accused of launching aggression against Iran and undermining regional security. The strait is a vital chokepoint for global oil shipments, making any disruption there a major concern for energy markets worldwide.

Oil Market Fallout

On the same day, the United States lifted restrictions on purchasing Russian crude oil for a 30-day period. This policy shift sent oil prices climbing, reaching roughly $100 per barrel by the evening of March 12.

The developments highlight the ongoing volatility in the Strait of Hormuz, a strategically critical route for global oil supplies. Continued friction between Iran and the United States could have severe repercussions for the world economy, particularly in the energy sector. Meanwhile, Washington’s decision to ease the ban on Russian oil imports may further roil markets and add new pressures on price stability.