June 23, 2025 – Tehran — In a dramatic escalation following U.S. airstrikes on its nuclear facilities, Iran’s parliament has voted to close the Strait of Hormuz, the world’s most critical oil chokepoint. While the final decision rests with the Supreme
National Security Council, the move signals Tehran’s intent to retaliate economically and strategically.
The Strait handles nearly 20% of global oil trade and a third of the world’s LNG shipments. Analysts warn that a full closure could send Brent crude soaring to $130–$150 per barrel, triggering inflationary pressure and supply chain disruptions worldwide2.

Market Implications:
Oil Futures: Brent and WTI futures already spiked 11% in
anticipation of the closure.


Energy Tokens: Blockchain-based oil derivatives and energy-backed tokens may see speculative inflows.

Safe Havens: Gold, USD, and Bitcoin could rally as investors
seek hedges against geopolitical risk.

Strategic Context:
The closure follows U.S. and Israeli strikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites. Iran’s response could reshape global energy flows, especially for Asia, which receives over 80% of Hormuz-transiting oil

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