Iranian media reported that the Iranian parliament has approved measures to block the important oil trade route of the Strait of Hormuz, with the Supreme National Security Council to make the final decision on this matter.
Reuters cited a report from Iranian news television on Sunday (June 22) stating that the Iranian parliament has approved blocking the Strait of Hormuz, but Iran has not yet made a formal decision to do so.
Bloomberg reported that the Strait of Hormuz accounts for more than a quarter of global oil trade and serves as the gateway to the Persian Gulf. Major oil-producing countries such as Saudi Arabia, Qatar, Kuwait, and Iran load crude oil tankers here and transport them through the Strait of Hormuz to final buyers.#加密市场回调
After Israel launched airstrikes against Iran last week, there is increasing concern that Iran may block this strategic chokepoint.$BTC
