The decision to close the Strait, through which around 20 per cent of global oil and gas demand flows, could see the world thrown into disaster.

The decision to close the Strait, through which around 20 per cent of global oil and gas demand flows, could see the world thrown into disaster.

Closing critical ‘choke point’ for oil risks triggering fresh energy crisis and global recession

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…

One-fifth of the world’s oil and gas passes through the Iranian-controlled Strait of Hormuz

About a quarter of all global oil flows through the Strait of Hormuz, the only sea passage from the Gulf to the oceans

Iran’s parliament approved a measure to close the vital global trade route, through which more than a fifth of the world’s oil supply passes through daily

The Straits are the only sea route from the Persian Gulf to the open ocean, and about 20% of the world's oil transits the waterway.

Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.

Iran may close the vital maritime route, through which one-fifth of the world’s oil supply is shipped every day.