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- Iran’s Parliament Approves Proposal to Close Strait of Hormuz
Iran’s Parliament Approves Proposal to Close Strait of Hormuz
- 23 Jun 2025
On 22nd June 2025, Iran’s parliament unanimously passed a proposal to close the Strait of Hormuz in retaliation for recent U.S. airstrikes on its nuclear facilities, triggering fears of a major global energy crisis. Final implementation depends on Iran’s Supreme National Security Council.
Key Points
- Strait of Hormuz’s Significance: Handles 20% of global oil exports and a large share of LNG shipments; considered the world’s most vital maritime chokepoint for energy.
- Retaliation for Airstrikes: Follows U.S. strikes on Iranian nuclear sites at Fordow, Natanz, and Isfahan, escalating military tensions.
- U.S. Response: Secretary of State Marco Rubio called the move “economic suicide” and warned of severe military retaliation.
- Global Impact: Oil prices are already spiking; analysts predict they may exceed $100 per barrel if the strait is blocked.
- China’s Role: The U.S. has urged China to intervene diplomatically due to its heavy reliance on Iranian oil shipped via Hormuz.
- Historical Parallel: This marks the most serious threat to energy trade since the 1980s Tanker War, with potential consequences for global inflation and industrial output.
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