US EditionIran Parliament Approves Closure of Strait of Hormuz Amid Regional Tensions; Approval Still Pending From Khamenei: Press TV
- Iran's parliament approved a motion to close the Strait of Hormuz on Sunday, though final approval awaits the Supreme Council.
- This action comes amid recent attacks carried out by Israeli and American forces targeting Iran's nuclear and defense facilities, significantly heightening tensions in the region.
- The Strait of Hormuz remains a vital maritime chokepoint for roughly 20% of global oil, connecting major producers to important markets like China and Europe.
- Oil prices soared, with Brent crude climbing to nearly $79 per barrel, as experts caution that a shutdown could lead to inflation spikes, energy supply disruptions, and the potential for wider military conflicts.
- The possible blockade risks severe economic consequences worldwide and may draw in U.S., European, and Gulf naval forces, heightening the chance of wider conflict.
42 Articles
42 Articles
Iran is threatening to block the Strait of Hormus. This could have serious consequences for the world economy and also Germany.
On Sunday, Iran announced plans to block the Strait of Hormuz, through which 30 percent of the world's oil passes. Europe could be the big loser, experts believe.
Iran threatens to shut Strait of Hormuz, risking global oil supply
Tehran’s move could block one-fifth of global oil trade as tensions escalate over U.S. strikes on nuclear facilities. By David Brummer, World Israel News Iran’s parliament has approved a motion to shut the Strait of Hormuz, a critical maritime chokepoint through which roughly 20% of the world’s oil supply passes each day, the New York Post reported Sunday. The decision, which still awaits final approval from Iran’s Supreme Council, could signifi…
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