In Reply to: Russia's economy is now running out of steam posted by mh on June 22, 2025 at 10:35:35
Iran's parliament approved a measure June 22 endorsing the closure of the Strait of Hormuz, a major oil transportation route, following U.S. airstrikes in Iran.
Around 20% of the world's oil and gas flow through the narrow channel connecting the Persian Gulf to the Gulf of Oman. Its closure would likely mean rising fuel costs for global consumers, including Americans.
While Iranian state media reported that the parliament had agreed to endorse blocking the strait, the decision ultimately belongs to Iran's Supreme National Security Council.