Iran s parliament has approved the closure of the Strait of Hormuz after the US attacks, and the final decision will be made by the Iranian National Security Council. Major General Kowsari, a member of the parliament s National Security Committee, told Iranian media that the parliament has agreed to close the Strait of Hormuz in view of the growing tension in the region. Similarly, the Iranian Revolutionary Guards have made it clear that they will close the Strait of Hormuz when the situation requires it.

It has been reported that the Strait of Hormuz is a key route for the world s energy trade, through which about 20 percent of global oil and gas is transported. Its closure could have a severe impact on the global energy market. This decision came as a result of increased tensions in the regional situation following the US attacks on Iranian nuclear facilities.

Also Read: What If Iran Closes the Strait of Hormuz?

This closure is going to disturb economy of the whole world due to its massive impact on oil prices. Analysts fear that the prices of Brent and other crude oils could rise exponentially if the Strait of Hormuz is closed. “Selective disruptions that scare off oil tankers make more sense than closing the Strait entirely, as that would also halt Iran’s own exports,” said Vivek Dhar, a commodities analyst at Commonwealth Bank of Australia. He warned that such a scenario could push Brent crude above $100 per barrel.

It has been reported that Iran decided to close the Strait of Hormuz and attack American military targets after the American attack on nuclear facilities. In this regard, the Revolutionary Guards have said that America should wait a little, it will soon suffer the punishment for these attacks. During Iran s retaliation, all American assets in the Middle East will be targeted, and no European Union fleet will be able to reach Europe.

Similarly, Iranian Supreme Leader Ayatollah Khamenei said that America entered the war to its own detriment, the damage to America will be much greater than that of Iran, America has now entered a formal war and will be fully responsible for this damage, if America waits a little, they will definitely suffer the consequences of these attacks.

Iranian President Masoud Pezeshkian says that Iran s nuclear program is entirely for peaceful purposes and public welfare, Tehran has always been ready to guarantee that its program is not military in nature, obtaining peaceful nuclear energy is Iran s legal and natural right and this right cannot be taken away from Iran through war or threat, Iran has always continued its nuclear program within the limits of international law, but now an attack on it is not only a violation of international regulations but also an attack on the fundamental right of a state.