US EditionIran Parliament Approves Closure of Strait of Hormuz
IRAN, JUN 23 – Iran's parliament approved closing the Strait of Hormuz as retaliation for US airstrikes, risking a 30-50% spike in oil prices if implemented, pending Supreme Leader approval.
- Iran's parliament approved closing the Strait of Hormuz, a strategic chokepoint handling about 20% of global oil trade, on Sunday afternoon.
- This decision follows escalating tensions after recent U.S. airstrikes on Iran's nuclear sites and retaliatory actions by Iran amid longstanding disputes.
- The Strait is narrow, about 21 miles wide, with shipping lanes just 2 miles each; blocking it risks invoking Gulf Cooperation Council defense pacts and broad conflict.
- Analysts noted Brent oil briefly spiked above $80 per barrel before easing, with fears of a major price surge that could worsen global inflation and disrupt European supply chains.
- Closing the Strait could hurt Iran economically and risk wider military confrontations involving U.S. and allied navies, while Iran retains options short of fully blocking maritime traffic.
175 Articles
175 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…
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