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Iran Parliament Approves Closure of Strait of Hormuz

IRAN, JUL 24 – Iran's parliament approved closing the Strait of Hormuz as a response to recent U.S. airstrikes, with the decision pending national security council approval affecting 20% of global oil trade.

  • Iranian lawmakers support closing the Strait of Hormuz, a crucial trade route for over a fifth of the world's oil supply daily.
  • The closure could pressure the US by increasing oil prices, resulting in inflation globally.
  • The decision to close the strait ultimately lies with Iran's Supreme National Security Council, despite parliamentary support.
  • A complete closure may affect Finland's oil supply and pose risks for Europe's security, as the Strait of Hormuz is a critical chokepoint.
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Arab News broke the news in Riyadh, Saudi Arabia on Thursday, June 19, 2025.
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