Araghchi: US and Israeli aggression led to the closure of the Strait of Hormuz In a memo published in a Russian newspaper, Iranian Foreign Minister Abbas Araghchi cited the International Energy Agency's 2025 estimate that more than 112 billion cubic meters of LNG passed through the Strait of Hormuz, about 1/5 of the world's LNG trade. He said the shutdown disrupted global gas supplies, especially in Asia, while gas prices in Europe rose sharply and inventories remained significantly lower as winter approached.

Araghchi: US and Israeli aggression led to the closure of the Strait of Hormuz In a memo published in a Russian newspaper, Iranian Foreign Minister Abbas Araghchi cited the International Energy Agency's 2025 estimate that more than 112 billion cubic meters of LNG passed through the Strait of Hormuz, about 1/5 of the world's LNG trade. He said the shutdown disrupted global gas supplies, especially in Asia, while gas prices in Europe rose sharply and inventories remained significantly lower as winter approached.