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Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next?

Video Credit: Oneindia - Duration: 03:37s - Published
Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next?

Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next?

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 retaliation to U.S.-Israel attacks on Iranian nuclear sites.

A closure would rattle global oil markets, spike prices, and disrupt trade—particularly hitting import-dependent countries like India.

Iran seeks leverage over the West and a show of regional strength, but risks military backlash and damage to its own economy.

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