Baku (Turkey Khabar): Amid rapidly evolving tensions in the Middle East and increasing pressure around Iran, a proposal has emerged to establish a new management system for the vital Strait of Hormuz.
According to international reports, Turkey, Egypt, and Saudi Arabia are considering forming a joint mechanism to monitor oil shipments passing through this crucial route.
The Strait of Hormuz holds immense importance for global energy trade, as under normal conditions, millions of barrels of oil and petroleum products pass through it daily. However, recent tensions have significantly reduced this flow.
Data indicates that global markets are facing a substantial shortfall in daily oil supply, while gas shipments from Gulf countries have also been severely disrupted, intensifying fears of an energy crisis.
Experts say the current situation has forced many countries to consider urgent measures, as continued disruptions in oil supply are creating serious challenges for both consumers and exporters worldwide.
Analysts warn that if the situation persists, it could have deep impacts on the global economy, potentially leading to further increases in energy prices and major supply disruptions.
