🚨 The Iranian Parliament has officially approved the bill to close the Strait of Hormuz.

The global impact of this decision could be significant because:

🔹 Approximately 20% of the world's oil passes through this strait.

🔹 This is the main export route for producers like Saudi Arabia, UAE, Iraq, and Kuwait.

🔹 A closure could lead to sharp increases in oil and natural gas prices, followed by global inflation.

🔹 Countries in Asia and Europe may activate their emergency plans against an energy crisis.

🔹 Since the oil in Russia will appreciate, this could be a positive development for the Russians.

📌 Of course, these are assumptions. We will all see together.