Outgoing President Hassan Rouhani has said Iran opened its first oil terminal in the Gulf of Oman, a move that will allow it to avoid using the Strait of Hormuz shipping route that has been a focus of regional tension for decades.
Iran is set to start loading crude oil at the Jask oil terminal on the Gulf Oman as early as July 19, adding its first export terminal outside the strategic Strait of Hormuz leading to the Persian Gulf.
Iran started its first transfer of crude oil via its strategic Goreh-Jask pipeline, allowing the country to bypass the Strait of Hormuz.
TankerTrackers.com, a company that tracks and reports shipments and storage of crude oil say Iran probably exports twice as much oil as estimated.
The caretaker of the Ministry of Industry, Mines, and Trade noted that Chabahar Port will soon become the third commercial hub of Iran due to its infrastructure, capacities, and strategic position and will be located next to Bandar Abbas and Imam Port.
Political science professor at New Hampshire University Kurk Dorsey believes that with oil prices down, the region produces little of value that the rest of the world wants to buy.
Iran has detained a ship carrying smuggled fuel near the entrance to the Strait of Hormuz.
Iran’s President Hassan Rouhani has hailed Japan’s support for his Hormuz Peace Endeavour (HOPE) initiative, saying that Tokyo has announced it is not going to join the US-led maritime coalition for regional security in the Persian Gulf.
The Netherlands will contribute a ship to a French-led naval mission in the Strait of Hormuz for a six-month period starting in January, Dutch news agency ANP said on Monday, citing government sources, Trend reports citing Reuters.
Senior Fellow, Mediterranean and Middle East programme at the Istituto Affari Internazionali (IAI) Andrea Dessì told ILNA "The recent spate of attacks targeting oil infrastructure in the Persian Gulf and Strait of Hormuz area are extremely worrying."
