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BREAKING: 22 Nations Issue Joint Statement Against Iran on Strait of Hormuz
Official joint statement from UAE, UK, France, Germany, Italy, Netherlands, Japan, Canada, South Korea, Australia and 12 more nations.
Key points:
→ Condemn Iran's attacks on unarmed commercial vessels and oil/gas infrastructure
→ Call Iran's actions a "de facto closure" of the Strait of Hormuz
→ Demand Iran stop laying mines, drone and missile attacks immediately
→ Reference UN Security Council Resolution 2817
→ IEA authorized coordinated release of strategic petroleum reserves
→ Nations engaging in "preparatory planning" for safe passage operations
Why this matters for markets:
→ 20% of global oil supply flows through Hormuz
→ Strategic petroleum reserve release signals serious supply concerns
→ "Preparatory planning" hints at potential military escort operations
→ Energy disruption = inflation pressure = risk asset volatility
This is the most significant multi-nation response to the Iran crisis so far. No military action confirmed yet, but the tone is escalating fast.
Stay alert.
Source: UAE Ministry of Foreign Affairs (Official)