Brief by Shorts91 Newsdesk / 03:17pm on 22 Jun 2025,Sunday International
Iran’s parliament on Sunday approved the closure of the Strait of Hormuz, a vital global oil shipping route, following US airstrikes on Iran’s nuclear facilities at Fordow, Natanz, and Isfahan. The Strait handles nearly 20 million barrels of oil daily—about one-fifth of global consumption. The move escalates Iran-Israel-US tensions and threatens global energy stability. Key oil exporters like Saudi Arabia, Iraq, and the UAE rely on this narrow waterway. While India imports 2 million barrels per day via the Strait, experts say its diversified suppliers—Russia, Brazil, and the US—may soften the impact. Oil prices could still spike globally. (PC: News18)
