The boss of Abu Dhabi’s state-owned oil company has said the strait of Hormuz is “not open” despite the US-Iran ceasefire agreed earlier this week, as uncertainty over the truce pushed the price of Brent crude towards $100 a barrel on Thursday.Iran in effect closed the strait, through which a fifth of oil and gas would normally flow, after the US and Israel began their attacks at the end of February. About 1,400 ships are estimated to be anchored on both sides of the passage between the Gulf and the Gulf of Oman.Concerns that few ships have passed through the strait since the US-Iran truce was announced pushed up energy prices on Thursday, while stock markets retreated across Asia and Europe as the two-week ceasefire in Iran looked increasingly shaky, with Israel continuing attacks on Lebanon and the US and Iran threatening a return to military action. Do you think that Iran cannot trust USA and Israel anymore ?
