šØ Breaking: Iranās parliament has backed a nonābinding motion to close the Strait of Hormuz, with the final call now resting on Iranās Supreme National Security Council and Supreme Leader.
This narrow checkpoint carries about 20% of global oil and LNG flows, so any closure would immediately send crude markets surging, likely adding $3ā5 per barrel in the short termāand potentially spiking toward $130 in a prolonged showdown.
Market implications:
š¢ļø Oil & gas prices could jump, raising inflation and production costs.
š Risk-off sentiment may lift gold, safe-haven currencies, and even BTC.
š Equities could wobble as energy shocks ripple through the global economy.
This isnāt a fait accompliābut itās dangerously close. Global supply chains, inflation expectations, and central bank policy could all shift in response.