Growing fear of possible Hormuz Strait blockade.
It would be a direct consequence of the military escalation between Iran and Israel. The Iranian Parliament approved a measure seeking to block access to one of the most important maritime passages for the transfer of oil and gas in the world. "20% of the world's oil and 30% of the world's liquefied natural gas [LNG] pass through the strait. While this could favor the development of the Vaca Muerta industry [main hydrocarbon deposit] in Argentina, due to supply and demand, it could trigger a fuel increase of between 5% and 6% and increase inflation," said Yamil Quispe, an Argentine hydrocarbon consultant from St. Petersburg, on Cara o Ceca. In addition, Quispe remarked that Argentina could benefit from this situation: "If a balance is maintained between the supply of the domestic and external markets, a great export leap could occur. In terms of the projection of the Vaca Muerta reserve, pre-pandemic values can be reached, with the production of one million barrels. Today Brazil is close to three million barrels." "The direct intervention of the US in the conflict tends to affect the markets. Crude oil closed at $77 per barrel and in Asian markets, at $81. The value is expected to reach $100 and that could favor a re-election of Trump," he concluded. **Iran threatened Donald Trump with responding to his attacks** The spokesman for the Iranian Armed Forces, Ebrahim Zolfaghari, stated that the American bombings marked the beginning of an open conflict with the Islamic Republic and maintained that the door was opened to an "extension of the war in the region." "It is the seventh conflict in which the US is participating in the Arab world. It is a very dangerous intervention because it ends up escalating a conflict that was regionalized," said Lautaro Rivara, an Argentine sociologist and doctor in History, on Cara o Ceca. "This conflict has little to do with the interests of US citizens and the basis of Trump's project. One of his great promises was to withdraw from conflicts globally, delegating, in any case, his open battle fronts to different allied states," he concluded.
Original title: Crece el temor ante el posible bloqueo del estrecho de Ormuz
Original description: Sería consecuencia directa de la escalada bélica entre Irán e Israel. El Parlamento iraní aprobó un…