Iran is seriously reviewing the closure of the strategic Strait of Hormuz in response to ongoing Israeli attacks, Iranian state media IRINN reported, citing a senior parliamentary official.
General Esmail Kosari, a member of Iran’s parliamentary security commission, confirmed that the move is under serious consideration, warning of potential consequences for global energy markets. The Strait, situated between Oman and Iran, serves as the primary shipping route for nearly a quarter of the world's oil supply.
A closure of the strait would severely disrupt global oil flows, potentially sending prices soaring to \$100–150 per barrel. Analysts warn such a move would fuel inflation and raise gasoline prices in the United States and other major economies.
The threat underscores the growing volatility in the Middle East and the wider economic risks tied to the Israel-Iran conflict.
General Esmail Kosari, a member of Iran’s parliamentary security commission, confirmed that the move is under serious consideration, warning of potential consequences for global energy markets. The Strait, situated between Oman and Iran, serves as the primary shipping route for nearly a quarter of the world's oil supply.
A closure of the strait would severely disrupt global oil flows, potentially sending prices soaring to \$100–150 per barrel. Analysts warn such a move would fuel inflation and raise gasoline prices in the United States and other major economies.
The threat underscores the growing volatility in the Middle East and the wider economic risks tied to the Israel-Iran conflict.
