#Strait of Hormuz

The Significance of the Strait of Hormuz in Global Oil Supply

The Strait of Hormuz plays a critical role in global oil transportation, with about 20% of the world's oil passing through this narrow shipping lane. The potential closure of this vital route by Iran could have far-reaching effects on the global economy.

Iranian Parliament Endorses Closure of Hormuz Strait

Iran's parliament has sanctioned the potential closure of the Strait of Hormuz in response to perceived aggressions by the United States and Israel, sparking concerns of heightened tensions in a crucial maritime passage.