Iran confirms attack on ships in the Strait of Hormuz, reiterates that the U.S. and its allies have no right to pass through, Macron states that the G7 should coordinate to restore the smooth passage in the Strait of Hormuz

Iran Confirms Attack on Ships in the Strait of Hormuz, Reiterates that the U.S. and Its Allies Have No Right to Pass On March 11 local time, the Islamic Revolutionary Guard Corps of Iran issued a statement reaffirming its absolute jurisdiction over the Strait of Hormuz. The statement claimed that the U.S. and its partners have lost the right to pass through the Strait of Hormuz. The Islamic Revolutionary Guard Corps stated that the ship "Expres Room" is owned by Israel and flies the Liberian flag. It was hit by Iranian artillery that morning after ignoring warnings from the Revolutionary Guard Navy and was forced to stop sailing. The container ship "Mayuree Naree" was struck by Iranian armed forces a few hours earlier for insisting on illegally crossing the strait and ignoring warnings. The statement emphasized that every inch of water in the Strait of Hormuz is under the strict surveillance of the Revolutionary Guard Navy, with no control blind spots. The Revolutionary Guard of Iran stated that the U.S. and its allies have no right to pass through the strait. Ali Reza Tangsiri, commander of the Islamic Revolutionary Guard Corps Navy, also stated on social media that any ship wishing to pass through the Strait of Hormuz must obtain permission from Iran. CCTV News Macron States G7 Should Coordinate to Restore Navigation in the Strait of Hormuz French President Macron stated on the 11th that amid the current tensions in the Middle East, G7 members should coordinate actions to restore navigation in the Strait of Hormuz as soon as possible. On the same day, the G7 held an online summit regarding the economic impact of the situation in Iran. As the leader of the rotating presidency, Macron made the above remarks at the opening of the meeting. French media reported Macron's comments, stating that based on intelligence held by France or its partners, he could not confirm that Iran had laid mines in the Strait of Hormuz. Macron also mentioned that the 32 member countries of the International Energy Agency earlier unanimously agreed to release 400 million barrels of strategic oil reserves, with the G7 accounting for 70% of that. He also expressed hope that G7 members would call on relevant countries not to impose restrictions on oil and gas exports. After the summit, Macron stated that G7 members believe that the current tight global oil supply does not justify lifting sanctions on Russia. The Strait of Hormuz is a vital global energy transport route, carrying about a quarter of the world's oil maritime transport volume, as well as significant amounts of liquefied natural gas and fertilizer transport. The U.S. and Israel launched a large-scale military operation against Iran on February 28, prompting Iran to retaliate, which led to a surge in shipping risks in the Strait of Hormuz, forcing major oil-producing countries to cut production. Xinhua News Agency Risk Warning and Disclaimer The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at their own risk