-
Japan PM heckled at WWII memorial
-
Colombia beat DR Congo 1-0 to reach World Cup knockouts
-
Hanoi residents mount silent protest over home demolitions
-
West Indies brace for Sri Lanka challenge as Da Silva returns
-
US Congress passes symbolic Iran war rebuke to Trump
-
Stokes urged to use curfew controversy as fuel to beat New Zealand
-
Bolivia's government is 'stoking a civil war,' ex-president Evo Morales tells AFP
-
Seoul bounces as Asian markets look to recover from rout
-
Fans in China put politics aside to cheer Japan at World Cup
-
North Korea's Kim unveils plans for 10,000-tonne warships, nuclear navy
-
Geopolitics and AI in spotlight at China's 'Summer Davos'
-
Ghosts of Gijon linger as new World Cup format encourages collusion
-
Race for robotaxi market arrives in London
-
Panama out of World Cup after defeat to Croatia
-
Moana Pasifika axed from Super Rugby after rescue talks fail
-
Wizards choose teenage talent Dybantsa with No.1 pick in NBA Draft
-
Golden Boot battle steals the show at World Cup
-
Tuchel insists England remain on course at World Cup despite Ghana draw
-
Red or green? For Brazil, the politics of World Cup kits matter
-
Andes Health Mart Pharmacy Honored as IPC's 2026 Most Valuable Pharmacy
-
Bellingham rues England's 'second game fever' after Ghana draw
-
US Congress passes landmark housing affordability bill
-
Meta offers lower cost glasses as wearables competition heats up
-
Dream job: US soccer fans paid to watch every World Cup game
-
England left frustrated by Ghana in World Cup draw
-
Europe wilts under record heat as AC sales soar
-
Grieving Deschamps to miss France's final World Cup group game
-
Rubio rejects Iran tolls on Hormuz as deal strains multiply
-
Two-goal Ronaldo delights in silencing critics after 'attacks'
-
Cubans bid farewell to revolution hero Valdes
-
Morocco squad 'supporting' Hakimi despite impending rape trial
-
Ronaldo delights in silencing 'attacks' after making World Cup history
-
Airbus to inspect 16 A380s after cracks found on plane wings
-
'Paris in this heat is awful': Tourists change plans as sites close early
-
Bolivian government says cleared all protest roadblocks
-
'I'm back': Ronaldo scores at sixth World Cup as Portugal run riot
-
France has hottest-ever day as 'unbearable' heatwave keeps scorching Europe
-
US TV news host begs for info after kidnap note says mother is dead
-
Ronaldo double fires Portugal, England eye last 32
-
Ronaldo scores at sixth World Cup as Portugal run riot
-
Hollywood powerhouses bring AI fight to Europe
-
Portugal's Ronaldo first man to score at six World Cups
-
What is driving Europe's heatwave?
-
Rubio says US will not accept Iranian tolls on Hormuz
-
Spain's Oyarzabal happy to play through pain at World Cup
-
Marco Rubio in Gulf to reassure allies hit hard by Mideast war
-
US Supreme Court rules against man whose dreadlocks were cut off in prison
-
American Michele Kang agrees deal to buy French club Lyon
-
UN to begin evacuating stranded Mideast sailors after US-Iran talks
-
French farmers suffer arid crops, heat-stricken animals
US blockade of Iran ports threatens already crippled oil supply
Washington's decision to blockade Iranian ports in the Strait of Hormuz is sending tremors through global energy markets, raising fears of a fresh oil shock by threatening supplies to Asia.
Iran had continued to pump crude to Asia since the start of the Middle East war, partly shielded by its elusive "dark fleet".
Roughly one-fifth of the world's oil normally flows through the vital waterway. In recent weeks, Iran has already tightened the screws, sharply slowing maritime traffic and reportedly charging transit fees.
Now the additional blockade of Iranian ports ordered Sunday by US President Donald Trump threatens to land another blow to global oil and gas supplies after the fighting damaged energy facilities in the Gulf states and blocked their exports through the Strait, said Amir Handjani of the US‑based Quincy Institute for Responsible Statecraft.
Just days after launching the war against Iran with Israel on February 28, the US temporarily eased some sanctions on Tehran to prevent an abrupt energy shock -- particularly for Asian economies.
On Sunday, the Felicity -- a tanker operated by the National Iranian Tanker Company (NITC)-- delivered two million barrels of oil to India, the first such above-board shipment since 2019, according to tracking site Tanker Tracker.
- Oil still flowing -
Iranian crude had been helping ease the market in meeting demand so far, Handjani told AFP, warning the blockade now threatens that fragile balance.
"What is the US Navy going to do? They're not going to confront Chinese, Indian and Pakistani merchant ships" loading in Iranian ports, he said.
"That's an act of war."
China remains the world's largest importer of Iranian crude, and on Tuesday said the US blockade was "dangerous and irresponsible."
Oil prices, already climbing, will continue to surge, Handjani predicted.
Prices jumped eight percent to above $100 a barrel Monday in early Asian trading -- just hours after the blockade was announced.
For expert Elisabeth Braw of the Atlantic Council, "it's a bit of a Hail Mary move" by Washington after it had "exhausted all options".
Blockading merchant ships violates the UN Convention on the Law of the Sea and is illegal, she noted.
According to data from commodities tracking firm Kpler analysed by AFP, Iran has exported an average of about 1.8 million barrels of crude per day by sea since early March. That is slightly above its 2025 average of around 1.7 million per day.
Between March 1 and April 12, 58 oil tankers transited through the strait carrying cargo, AFP analysis of Kpler data showed.
Nearly 80 percent set off from Iranian ports -- mainly Kharg Island -- or flew the Iranian flag, hauling a total of 11 million tonnes of crude.
Many of those vessels belong to Iran's "dark fleet", made up of ageing ships operating for years in deep opacity -- with unclear ownership, false flags, lack of insurance or manipulated GPS data, all with the intent to dodge international sanctions, experts told AFP.
- Dark fleet advantage -
"It's actually surprising how effectively the dark fleet operated throughout the duration of the war," said David Tannenbaum, director at US‑based sanctions consultancy Blackstone Compliance Services.
"We thought that there would actually be a crackdown on the dark fleet but in reality, what happened was the (Trump) administration basically gave the dark fleet a shot in the arm and allowed them to export all this oil."
As sanctions eased, Iranian crude flipped "from trading at a 40-percent discount to a 10-percent premium," compared with previous pricing, Tannenbaum estimated.
"Because Saudi Arabia, the UAE, and other Gulf producers are seeing exports constrained or rerouted at great cost, Iran has managed to sustain flows at strikingly resilient levels," said Cyril Widdershoven, an analyst at Blue Water Strategy.
"Tehran has managed to set up a system that is sophisticated, decentralised, and remarkably difficult to disrupt without escalating into a full-scale maritime conflict," he added in a Saturday op-ed.
Handjani said Iran is ready to withstand the blockade.
Retaining control of Hormuz is "existential, it's life or death," both as a long-term security guarantee and a crucial source of funding for post‑war reconstruction, he added.
On the US side, Handjani said Trump will be watching how markets react.
If "the price of oil is going up, inflation is going up and the stock market's going down, he's going to start to panic," he said.
P.Hernandez--AT