The Iranian parliament announced on Sunday that it has voted in favor of closing the strategic Strait of Hormuz, escalating tensions in the Middle East. This decision comes after recent airstrikes on Iranian nuclear facilities, allegedly conducted by the United States.
The Strait of Hormuz, situated between Iran and Oman, is one of the world’s most crucial maritime chokepoints. Approximately 20% of global oil and gas shipments pass through this narrow passage, making it vital for international energy supplies.
Experts warn that any disruption to the flow of oil could trigger a sharp spike in global energy prices. An energy analyst commented, “A complete blockade could cause oil prices to surge dramatically, affecting economies worldwide.”
The potential closure has already caused anxiety within the international shipping industry. Reports indicate that many vessels are choosing to avoid the strait, leading to a noticeable decline in tanker traffic.
Mohamed El-Erian, a prominent economic advisor, expressed concerns over the broader impact. Speaking to international media, he said, “This move could deliver a major shock at an already fragile moment for the global economy. Both the immediate and long-term consequences could be severe.”
High uncertainty surrounds the next steps in the region. Professor Niu Xinchun from the China-Arab Research Institute noted that Iran might take further actions in response to recent events. “Iran could potentially target U.S. military bases in the Middle East or take steps regarding the Strait of Hormuz,” he explained. “There’s also the possibility that Iran might reconsider its commitments to nuclear agreements.”
The situation remains fluid, and the international community is watching closely. The coming days will be critical in determining whether diplomatic efforts can ease tensions and prevent further escalation.
