16 APR 2026
Iran

Russia details global impact of Hormuz blockade

Thursday, 16 April 2026 at 16:26 UTC · 1 source

Russian Foreign Ministry spokesperson Maria Zakharova has accused the United States and Israel of "unprovoked armed aggression" against Iran, stating their actions have effectively halted shipping in the Strait of Hormuz for over a month. She detailed the blockade's severe impact on global commodity markets, claiming it has deprived the world of 5% of all oil, over 30% of liquefied natural gas, and 40% of helium. The statement also highlighted significant losses in carbamide, sulfur, ammonia, and phosphates, framing the situation as a major disruption to international trade and energy security.

Key Details
5% of global oil supply affected
>30% of global LNG supply affected
40% of global helium supply affected
40% of carbamide, 44% of sulfur, >25% of ammonia, significant phosphates affected
Sources
TGDD Geopoliticsview7h ago
Cycle: Thursday, 16 April 2026 at 16:26 UTC · First reported: 7h ago