Iran’s parliament has voted to close the Strait of Hormuz a critical global oil artery following U.S. airstrikes on Iranian nuclear facilities.
The Strait, through which nearly 20% of the world’s oil supply passes, now faces the risk of military disruption. Though the vote signals strong intent, the final decision rests with Iran’s Supreme National Security Council, the country’s top security body.
Brent crude prices surged 10%, now hovering near $77 per barrel, with analysts warning of a potential spike to $100–$150 if conflict intensifies.
The U.S. is urging China to help de-escalate, while European navies are preparing to escort commercial tankers through the strait.
Analysts say a short-term oil shock is inevitable, though a prolonged disruption remains uncertain.
With oil markets, diplomacy, and military assets on edge, the world now awaits Tehran’s next move.
