Following U.S. strikes on Iranian nuclear facilities on Saturday, the Iranian Parliament has voted in support of closing the Strait of Hormuz, one of the world’s most critical oil transit chokepoints, according to media reports.

Any final decision on retaliation, however, will rest with the country’s Supreme National Security Council and le

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Around 20 percent of global oil trade passes through the Strait. Some experts have said that if Iran were to cut off access to the Strait, it could spike oil prices by 30 to 50 percent immediately, with gas prices likewise rising by as much as $5 per gallon.

    • shalafi@lemmy.world
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      3 hours ago

      I’m betting it’s not happening. The collective wrath of a dozen militaries would drop on their head.

      • Aceticon@lemmy.dbzer0.com
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        26 minutes ago

        The reaction of the rest of Europe to Trump’s attack would lead Iran to expect that the usual suspects in Europe would attack Iran either way, same as they did back when America invaded “WMD” Iraq.

        Certainly were I am (Portugal, which by the way also sent troops to Iraq) there are already people from America and Israel-aligned far-right think-tanks being invited to news segments on public TV about the American attack, where they’re complimenting Trump on his action, calling it a “massive victory to Netanyahu” and scaremongering against Iran with exactly the same kind of “arguments” as were used for Iraq (Iran has WMDs, Iran is developing missiles which can reach European cities and so on), so the Manufacturing Consensus machinery is already running.