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.
Jask, also known as Bandar-e Jask, is a southern port town in Iran, located on the Gulf of Oman, just outside the Strait of Hormuz. Gallo Images via Getty Images An Islamic Revolutionary Guard Corps (IRGC) speed boat is sailing along the Persian Gulf near a general cargo vessel. NurPhoto via Getty Images President Donald Trump delivers an address to the nation accompanied by Vice President JD Vance, U.S.
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