Explainer: Why Iran closing the Strait of Hormuz could derail the world economy
Briefly

Iran's parliament has approved a significant motion to close the Strait of Hormuz, a strategic waterway crucial for global oil shipments, potentially asserting its influence against Western countries. This route sees nearly 25% of the world's oil pass through, making its closure a substantial geopolitical move. However, the decision now awaits final approval from the Supreme National Security Council, emphasizing the complexity of Iran's internal decision-making process and its implications for international trade and security.
Iran's parliament has taken a significant step by approving a move to close the Strait of Hormuz, a vital passageway for global oil shipments.
The decision could severely impact the international oil market, demonstrating Iran's potential to threaten Western economies reliant on this waterway.
Final approval from the Supreme National Security Council is still needed, indicating that the move reflects broader strategic considerations within Iran's leadership.
The Strait of Hormuz is crucial as nearly a quarter of the world's oil supply passes through it, highlighting Iran's leverage in geopolitical tensions.
Read at Independent
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