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.
The Supreme Council’s decision must be made by tonight, according to Iran’s state-run Press TV.
Iran’s major escalation in response to US strikes on its nuclear facilities “will be done whenever necessary,” Email Kosari, Commander in the Revolutionary Guards, said on Sunday.
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Author: Joe Weber
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