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BIG BREAKING: Iran Votes to Close Strait of Hormuz – Global Oil Supply at Risk

Strait Of Hormuz: In a dramatic escalation of geopolitical tensions, the Iranian Parliament has officially voted to close the Strait of Hormuz, one of the most strategically critical maritime chokepoints in the world.

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Neha Kumari
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In a dramatic escalation of geopolitical tensions, the Iranian Parliament has officially voted to close the Strait of Hormuz, one of the most strategically critical maritime chokepoints in the world. The move comes amid rising hostilities in the region, and is expected to send shockwaves through global oil markets. 

 

The Strait of Hormuz is a narrow waterway between the Persian Gulf and the Gulf of O

man, through which nearly 25% of the world’s oil and a significant portion of global LNG exports pass every single day. Its closure is likely to trigger a sharp rise in crude oil prices, disrupt energy supplies, and escalate tensions between Iran and Western powers, particularly the United States.

Impact on Global Energy and Economy

The immediate consequence of the closure is expected to be:

Surging global oil prices

Increased pressure on energy-importing nations like India, China, Japan, and Europe

Supply chain disruptions in oil, gas, and maritime freight

Potential military or diplomatic intervention by global powers to reopen the waterway

Experts warn that even a temporary closure of the strait could result in oil prices breaching the $100/barrel mark, sparking inflation across major economies and straining developing nations with high energy import dependence.

India’s Strategic Concern

India, which imports over 80% of its crude oil needs and relies heavily on Gulf suppliers, is particularly vulnerable.

“If the Strait of Hormuz remains blocked, India will suffer economically. A $10 increase in crude oil prices can potentially reduce India’s GDP by 0.5%, trigger inflation, and widen the current account deficit,” said foreign affairs expert Robinder Sachdev.

India’s Ministry of External Affairs and Ministry of Petroleum are reportedly monitoring the situation closely.

What Happens Next?

While Iran has passed the resolution, it remains to be seen whether and how quickly it will be enforced militarily. The decision may provoke:

Retaliatory diplomatic or military action by the US and allies

A UN Security Council emergency meeting

Rising demand for alternative shipping routes and emergency energy supplies

The world now watches with bated breath as one of the most dangerous flashpoints in modern geopolitics turns from threat to reality.

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