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Strait of Hormuz Crisis: Iran Announces Closure of Transit Routes, Threatening Global Oil Supply
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CNBC Awaaz•07-10-2026, 19:08
Strait of Hormuz Crisis: Iran Announces Closure of Transit Routes, Threatening Global Oil Supply
- •Mohammadreza Naghdi announced that transit routes in the Strait of Hormuz considered illegal by Iran will soon be closed.
- •The closure specifically targets the southern route near the coast of Oman, which Iran claims is used for oil smuggling.
- •Iran asserts that the Strait of Hormuz is closed and under the complete control of its armed forces until demands are met.
- •Crude oil exports reached 18.3 million barrels per day in September, defying wartime expectations according to Kpler data.
- •Iranian officials dispute maritime traffic data, stating that daily ship movement has dropped significantly from pre-war levels.
Key Questions Answered
Iran plans to close specific transit routes, including the southern route near Oman, because they are being used illegally to smuggle oil using small vessels that transfer cargo to larger tankers.
According to provisional data from Kpler, the seven-day moving average of crude oil exports stood at 18.3 million barrels per day on September 30, remaining higher than pre-war levels for 14 days during the month.
The Revolutionary Guards denied that maritime crude oil movement has increased with US Navy assistance, with adviser Majid Mirhamadi noting that an average of 10 ships pass daily compared to 125 before the war.
