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US Secretary of State Mark Rubio urged China to prevent Iran to close Hormus Strait, one of the most important shipping routes in the world.
His comments appeared after the Iran’s state press TV reported that the parliament approved the closure plan, but added that the final decision was the Supreme Council of the National Security.
Any oil supply violations will have deep consequences for the economy. In particular, China is the world’s largest buyer in Iranian oil and has a close connection with Tehran.
Oil prices rose after the US attack on Iranian nuclear monuments, and the Brent Brent benchmark price reached its high level in five months.
“I urge the Chinese government in Beijing to call them (Iran) about it because they are heavily dependent on the Hormus Strait for Oil,” Mark Rubio said in an interview with Fox News on Sunday.
“If they (close the strait) … It will be economic suicide for them. And we keep the options for this, but other countries should also look at it. This will damage the economy of other countries much worse than ours.”
About 20% of the world’s oil goes through the Strait of the Mountain Uniform, with large oil and gas producers in the Middle East use a water route to transport energy from the region.
Any attempt to disrupt operations in the Strait could send world oil prices.
They jumped to the highest since January, the price for the raw Brent reached $ 78.89 a barrel as of 23:22 GMT on Sunday.
“The US is now located with the prevailing protection in the region to be prepared for any Iran’s counterattack. But the risk of oil cost is that the situation can be greatly remaked,” said Saul Kavonich, head of the energy research department at MST Financial.
The cost of crude oil affects everything from how much it costs to fill the car to the cost of food in the supermarket.
In particular, China buys more oil from Iran than any other nation – last month its oil imports from Iran exceeds 1.8 million barrels per day, according to Vortexa’s tracking data.
Other major Asian economies, including India, Japan and South Korea, are also greatly rested on crude oil that passes through the strait.
Energy analyst Vandana Hari said Iran “little can be obtained and too much to reproduce” from the closure of the Strait.
“Iran risks turning its oil and gas, which produce neighbors into the bay into enemies and resorting to the wrath of their key market in China, breaking the movement in the straits,” said Hari BBC News.
The United States has joined the conflict between Iran and Israel over the weekend, and President Donald Trump said Washington “destroyed” key nuclear monuments Tehran.
However, it is unclear how much damage the strike was done, and the UN Nuclear Caler said he could not evaluate the damage on the firm Fordo nuclear platform. Iran said Ford has only minor damage.
Trump also warned Iran that they would face “much worse” future attacks if they did not abandon their nuclear program.
On Monday, Beijing said the US strike damaged Washington’s authority and urged the fire immediately.
The UN Ambassador of China Fu Kong said all parties should restrain the “impetus for force … and adding fuel to a fire,” the CCTV report said.
In the editorial office, the state -owned newspaper in Beijing Global Times also stated that the US participation in Iran was “more complicated and destabilized with the Middle East,” and that it pushed the conflict in an “uncontrolled state”.
