Hormuz Strait closure will be ‘suicidal move’ for Iran, the GCC economies could be badly hit if Iran closes the Strait of Hormuz

Iran’s recent threatenings to close the Hormuz Strait if the US blocks its oil exports have sparked a debate about the possible consequences the move could offer to the region.

The threatenings also followed the attack of Iran-allied Houthis on Saudi vessels in Bab Al Mandab Strait. Tribune spoke to a few maritime and economic experts over the possible economic and strategic impact such a move could have in the region.

They viewed that it would be similar to opening the doors of the hell. Among the consequences, the economic impact will be severe in the Kingdom as the closure will lead to heavy budgetary losses apart from hyperinflation.

“It’s impossible for the strait to be closed even for one hour,” said Captain Mahmood Al Mahmood, the Editor-in-Chief of The Daily Tribune, who is also a maritime expert.