Iran’s Parliament Approves Closure of Strait of Hormuz, the World’s Most Vital Oil Passage:

Iran’s Majlis has authorised, and referred for final approval to its Supreme National Security Council, a move to close the Strait of Hormuz. This strategic waterway sees nearly 20% of global oil exports, making the potential closure a major concern for energy markets. The decision follows U.S. airstrikes on three Iranian nuclear facilities.