Lawmakers in Iran yesterday voted to close the Strait of Hormuz, a key global oil shipping route, as retaliation for US strikes on its nuclear facilities.
The vote comes hours after authorities in the country threatened that the US strikes late Saturday night, which destroyed its three nuclear sites, would have everlasting consequences, saying there were no signs of contamination at its nuclear sites following the attack.
Though the final decision to shut the oil choke points lies with top Iranian security officials (Supreme National Security Council), according to reports, an attempt to shut the oil route risks triggering a fresh round of energy crisis and global recession. The Strait of Hormuz is one of the world’s most critical choke points, through which a fifth of global oil and a third of the world’s liquefied natural gas supply flows.
So far, most experts had agreed that Iran would not go that far to close the strait but US actions seemed to have changed that.
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