Why all eyes are on the Strait of Hormuz, a 90-mile strip critical to global oil prices
Monday, 23 June 2025 () US strikes on Iran's nuclear sites are raising fears of Tehran's retaliation and oil disruption. - For years, Tehran has threatened to close the Strait of Hormuz, a key energy shipping route to its south. - A blockade would hit Asian markets hardest, with global high prices also affecting the…
In a bold and unanimous move, Iran’s Parliament has approved the decision to close the strategic Strait of Hormuz — a key chokepoint for global oil shipments — in response to escalating U.S. military aggression. The resolution now awaits approval from Iran’s National Security Council. If...
Oil prices surged as the U.S. joined Israel in striking Iran's nuclear sites, sending shockwaves across global markets. Tehran warned that U.S. aggression has widened its range of legitimate targets,..
Iran’s parliament has voted to close the Strait of Hormuz, a vital oil route carrying 20% of global crude. Though the final decision awaits the Supreme National Security Council, the move is seen as..
Monday, 23 June 2025 ()
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