Iranian Parliament could close the Strait of Hormuz

teleSUR English

The Iranian Parliament has reached the necessary consensus to approve the possible blockade of the strategic Strait of Hormuz, in response to actions considered direct aggressions on the part of the United States. This measure could paralyze the transit of more than 21 million barrels of oil per day, more than 20% of world demand, and raise crude oil prices to $250 per barrel, severely affecting global markets.   #StraitOfHormuz #OilCrisis #MiddleEastPolitics #GlobalMarkets #TeleSUREnglish

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00:00The Iranian Parliament reached the required consensus to approve the closure of the Strait of Hormuz

00:05after the direct aggression of the United States.

00:08During a session, the authorities analyzed that the legitimate blockade would cause losses of up to 5 million barrels per day,

00:17which would raise crude oil prices to $250 per barrel.

00:21This is an essential route for global oil trade, since more than 80% of crude oil transits through it.

00:28In the meantime, and once the measure has passed the legislative stage,

00:33it must go to the Supreme National Security Council for its approval and subsequent implementation.

00:41The Strait of Hormuz is one of the world's most important maritime routes for oil access.

00:46Let's learn more about its importance for international economic development in the following material.

00:53The Strait of Hormuz is a maritime passage located between the Persian Gulf and the Gulf of Oman,

01:01and its waters are currently under the administration of Iran, the United Arab Emirates and Oman.

01:10The difficult location of this international pass is considered privileged because it is the route

01:14where the major oil and natural gas producers export their crude oil products

01:18to other regions of the world, especially to Europe.

01:23According to figures, this maritime transit is essential for international trade,

01:27since the Strait of Hormuz accounts for more than 20% of the world's oil consumption,

01:32which translates into a flow of more than 21 million barrels per day.

01:38Currently, the Asian and European markets are the main importers of crude oil in the Strait of Hormuz,

01:43so the transit of oil through the Strait of Hormuz influences the global markets.

01:49In Iran alone, oil export revenues from the Hormuz Strait reached $56 billion in 2024,

01:55but Israel's attacks against Tehran could lead to the closure and militarization of this important international strait.

02:01obe sayes-approved Sitria

02:02Since Legend of Hormuz Strait

02:04We are left here at 1850,

02:06and on a dehour, continue to pilgrimage to the basic peacefully of peace.

02:09We consider the

02:14Isour-ULL 너희

02:15supporting

02:16For the

02:18Many

02:21You

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