The Iranian parliament has approved a proposal to close the strategically vital Strait of Hormuz — a key maritime route for international oil transportation in a move that could significantly impact global oil supply,
According to reports citing Iranian media, the final approval for the decision rests with Iran’s Supreme National Security Council.
The proposed closure came amid escalating regional tensions, increased US sanctions and recent clashes with Israel.
The potential shutdown of the Strait of Hormuz could lead to a sharp rise in global oil prices and trigger a broader energy crisis. Approximately 20% of the world’s oil passes through this narrow waterway each day, making it a critical conduit not only for Gulf nations but also for the global economy.
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