Middle East crude exports have nearly rebounded to where they stood before the U.S. war against Iran, thanks largely to what Reuters called a “vital lifeline” — but on Sunday, Tehran named that lifeline its new “explicit target” as a senior official appeared to “taunt” President Donald Trump, Al Jazeera reported.
That lifeline has been ship-to-ship transfers using corridors along the coast of Oman in an effort to bypass Iranian interference in the Strait of Hormuz, with coordination and protection of the U.S. military. On Sunday night, however, Mohsen Rezaei, the secretary of the Supreme National Security Council of Iran, vowed that shipping through the alternate route would soon come to an end.
“You are smuggling, but the strait is under Iran’s control, and we manage it,” Rezaei said.
Al Jazeera’s Maziar Motamedi went on to report that Rezaei named the ship-to-ship transfer system as “an explicit target for Tehran,” and characterized Rezaei’s comments as a “taunt aimed at Trump, who hailed energy exports at times reaching pre-war levels over recent weeks.”
“Rezaei appeared to give the impression that Iran wants to have lasting authority over Hormuz, and promised a harsh response if Iran’s energy and civilian infrastructure were attacked again,” Motamedi wrote.
The average cost for a barrel of crude oil reached its peak in early April at nearly $113. It plummeted to its lowest point since the war began at just under $69 in early July — shortly after the United States agreed to its short-lived peace agreement with Iran on June 14 — before ramping back up to nearly $106 last month.
As of Monday, the average cost for a barrel of crude stood at just under $94, though it risks climbing again should Iran prove successful in disrupting the alternative route along the coast of Oman.
“Tehran says shipping will be disrupted so long as the US continues its choking naval blockade against Iran, which has also stepped up its efforts to counter efforts by Arab states to export oil,” Motamedi continued. “At least 15 ships are believed to have been targeted in October so far, according to [Windward].”
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