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Iran’s Parliament has officially approved a motion to close the Strait of Hormuz, one of the world’s most vital oil shipping routes, in response to recent U.S. airst**kes on Iranian nuc*ear sites. While the final decision rests with Iran’s Supreme National Security Council, the move signals a sharp escalation in regional tensions. The Strait of Hormuz is a key maritime ch**epoint, handling about 20% of the global oil trade—nearly 20 million barrels per day. Any disruption to this route could send oil prices soaring and trigger serious supply chain issues worldwide.
The economic consequences of such a closure would be immediate and far-reaching. Oil prices are expected to spike, possibly exceeding $100 per barrel, placing pressure on major importers like China, India, and Japan. Shipping companies have already begun diverting vessels to avoid Iranian waters, raising transport costs and delivery times. Politically, the action has drawn strong warnings from the U.S. and its allies, who view the closure as a violation of international maritime law. If enforced, it could provoke military intervention and a broader geopolitical crisis in the Gulf region.