22 Jun 2025 3:58 pm
Go ahead, disrupt the world economy, Iran. You will find out what happens. You just got a taste. Prepare to be glutted.
Iran Moves to Close the Strait of Hormuz Amid War With Israel, U.S. Strikes
(Full article at above link)
Iran's parliament on Sunday approved a move to close the Strait of Hormuz, the entrance to the Persian Gulf where nearly a quarter of the oil shipped around the world passes through narrow waters that Iran shares with Oman and the United Arab Emirates. The step is widely seen as Iran's most effective threat to hurt the West after the United States struck nuclear facilities in Iran early Sunday morning. Iran's Press TV said closing the strait would require final approval from the Supreme National Security Council, a body led by an appointee of Supreme Leader Ayatollah Ali Khamenei.
Attempting to choke off Gulf oil by closing the strait could send global oil prices skyrocketing, derail the world economy and invite almost certain conflict with the U.S. Navy's massive Fifth Fleet, based in the Gulf and tasked with keeping it open. Asked about Iran's threats to close the Strait of Hormuz, U.S. Vice President JD Vance warned such a move would be self-defeating. "Their entire economy runs through the Strait of Hormuz. If they want to destroy their own economy and cause disruptions in the world, I think that would be their decision – but why would they do that? I don't think it makes any sense," he said, calling such a step "suicidal." Iran announced Sunday that any American civilian or military personnel in the region are now considered legitimate targets, following U.S. airstrikes on nuclear facilities in the country, according to Iranian state television.