Normal shipping through the Strait of Hormuz has been completely halted as a result of the war between Iran and the US-Israel alliance.
Medianews.az reports that the Strait of Hormuz has practically been closed due to rising tensions.
This has caused significant reverberations in global trade and energy markets.
With the closure of the strait, energy prices have sharply increased. Due to instability in the oil market, prices of Brent crude oil have risen.
The UAE and several countries have expressed their desire to join the multinational maritime mission to reopen the strait.//Qafqazinfo