(Video) Rajya Sabha TV (RSTV) The Big Picture: Oil War & Hormuz Strait

Topic: Oil War & Hormuz Strait

Guest:

Prabhu Dayal, (Former Ambassador)
WSH Awwad, (West Asia Expert)
Ajay Dua, (Former Secretary, Ministry of Commerce & Industry)

Topic Description:

Saudi Arabia said on Monday that two Saudi oil tankers were among vessels targeted in a “sabotage attack” off the coast of the United Arab Emirates, condemning it as an attempt to undermine the security of global crude supplies. The UAE said on Sunday that four commercial vessels were sabotaged near its Fujairah emirate, one of the world’s largest bunkering hubs lying just outside the Strait of Hormuz. It did not say who was behind the operation, which took place amid heightened tensions between the United States and Iran. Iran’s foreign ministry called the incidents “worrisome and dreadful” and asked for an investigation. The Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond, has been at the heart of regional tensions for decades. After the latest tensions between Washington and Tehran, Iran has threatened to close the oil artery. On this edition of the big picture we will analyse the importance of the Strait of Hormuz.