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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