
FXHedge|Jun 22, 2025 23:49
IRAN ORDERS CLOSURE OF STRAIT OF HORMUZ — PUTTING ONE-FIFTH OF WORLD’S OIL SUPPLY AT RISK (NYP)
Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows.
The move, which could block 1 billion in oil shipments per day, is likely to send oil prices soaring.
It will come into effect pending a final decision by Iran’s Supreme Council.
Full article:
https://www.msn.com/en-us/news/world/iran-orders-closure-of-strait-of-hormuz-putting-one-fifth-of-world-s-oil-supply-at-risk/ar-AA1Hc03Y?ocid=msedgntp&pc=HCTS&cvid=da473a203633457bb24b3d420dfc409c&ei=7
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