US EditionIran Parliament Approves Closure of Strait of Hormuz
- On Sunday afternoon, several outlets reported that Iran's parliament endorsed closing the Strait of Hormuz, a key global oil transit route just 21 miles wide with narrow shipping lanes.
- This endorsement follows U.S. airstrikes on three Iranian nuclear sites earlier this month and Israeli attacks, which Iran’s foreign minister Abbas Araghchi called a "very big red line" crossed by Washington.
- The Strait of Hormuz handles about 20% of global seaborne oil and LNG, and its closure could disrupt European supply chains, raise insurance costs, and increase energy prices.
- Despite these risks, analysts note oil prices briefly spiked above $80 per barrel but have stabilized near $77, as markets largely doubt Iran will block the strait.
- Closing the strait could provoke military confrontations involving the U.S., EU, and Gulf states, potentially escalating into a broader regional war threatening global energy security.
171 Articles
171 Articles
If and when Iran closes the Strait of Hormuz
Faced with the prospect of continuing Israeli airstrikes and further American involvement, Iran’s parliament has reportedly approved plans to close the Strait of Hormuz. This is potentially a very dangerous moment. The Strait of Hormuz is an important shipping lane through which 20% of the world’s oil transits – about 20 million barrels each day. […] The post If and when Iran closes the Strait of Hormuz appeared first on Asia Times.
What Is the Strait of Hormuz and Why Is It So Important?
Iran has threatened to close the Strait of Hormuz, in what would serve as another act of retaliation after the U.S. launched strikes on three key Iranian nuclear facilities over the weekend. Iran controls the Northern side of the Strait of Hormuz, a passage which sees significant global trade pass through daily. If it so wished, Iran could block vessels from journeying through, or disrupt trade by seizing and attacking shipping containers and oi…
How the Closure of the Strait of Hormuz Would Affect Egypt’s Suez Canal
Amid the war between Israel and Iran, Iran’s parliament has expressed support for closing the Strait of Hormuz, citing a senior lawmaker on 23 June. However, the final decision on whether to shut the strategic waterway rests with Iran’s Supreme National Security Council, igniting fear among neighbouring countries. According to Karim Adel, Egyptian economic expert and head of the Justice Center for Economic and Strategic Studies, international tr…
For several days, all eyes have been riveted on the Strait of Ormuz, the only maritime crossing point to the Persian Gulf, through which 200 tankers, LNG tankers and cargoes pass every day. The Iranian Parliament has approved the closure of this passage. The decision is ultimately the responsibility of the supreme guide, Ayatollah Ali Khamenei. If the strait is blocked, the only bis routes are the road or pipelines, but it is impossible to trans…
Monica Dias, director of the Catholic IEP, points out that "the key - of war - is with the United States and Israel". Already the possible blockade of the Ormuz Desert is "maybe the most powerful weapon" for Iran.
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