Christian Bueger, of the University of Copenhagen, said the global economy has been and will continue to be greatly affected by the closure of the Strait of Hormuz.
“We are looking at a major energy supply crisis in Europe” if the Hormuz isn’t reopened, he told Al Jazeera.
“There’s already a renewed discussion on reinvesting in nuclear technology.”
The only viable option is for Iran to reopen the Strait, said Bueger, “as the navies are not very good at escorting shipping boats; we have seen this in the Red Sea with the Houthi threats”.
It is possible for navies to escort vessels on a small scale, but not when they are contending with several possible threats, including drones, missiles and speedboats in and around the strait, said Bueger.
“If we don’t see de-escalation soon,” the energy and shipping crises will continue for weeks and months because even if the strait is opened today, there is congestion in and around it, said Bueger.
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#StraitOfHormuz #FuelPrices #GasPrices #OilSupply #EnergyCrisis #CostOfLiving #USEconomy #Oil #Gas #LNG #OilPrices #Iran #US #USIsraelWarOnIran #USIranTensions #MiddleEastTensions #USIranWar #IranWar #OperationEpicFury #AlJazeeraEnglish
“We are looking at a major energy supply crisis in Europe” if the Hormuz isn’t reopened, he told Al Jazeera.
“There’s already a renewed discussion on reinvesting in nuclear technology.”
The only viable option is for Iran to reopen the Strait, said Bueger, “as the navies are not very good at escorting shipping boats; we have seen this in the Red Sea with the Houthi threats”.
It is possible for navies to escort vessels on a small scale, but not when they are contending with several possible threats, including drones, missiles and speedboats in and around the strait, said Bueger.
“If we don’t see de-escalation soon,” the energy and shipping crises will continue for weeks and months because even if the strait is opened today, there is congestion in and around it, said Bueger.
Subscribe to our channel: http://bit.ly/AJSubscribe
Follow us on X: https://twitter.com/AJEnglish
Find us on Facebook: https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
Download AJE Mobile App: https://aje.news/AJEMobile
#StraitOfHormuz #FuelPrices #GasPrices #OilSupply #EnergyCrisis #CostOfLiving #USEconomy #Oil #Gas #LNG #OilPrices #Iran #US #USIsraelWarOnIran #USIranTensions #MiddleEastTensions #USIranWar #IranWar #OperationEpicFury #AlJazeeraEnglish
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