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Strait of Hormuz

Iran Threatens Global Economy by Moving to Close Strait of Hormuz

Iran’s parliament has voted to close the strategic Strait of Hormuz, through which 20% of the world’s oil flows. If approved by Iran’s Supreme Council, the move would block $1 billion in daily shipments and escalate global energy tensions.

Oil prices surged nearly 4% following the announcement. The Strait is only 20 miles wide and easily susceptible to blockades via underwater mines or missile attacks.

Military experts warn the move could be self-destructive, as Iran also relies on the Strait for its own imports. The U.S. Fifth Fleet and allied navies are patrolling the region and are prepared for potential conflict. (NYP/VFI News)

“Lord, as tensions rise across the nations due to the situation with Iran, we pray for the protection of global resources and economies. Let wisdom prevail among leaders, and may all actions lead to stability and peace.”