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.

DUBAI: Iran could shut the Strait of Hormuz as a way of hitting back against its enemies, a senior lawmaker said on Thursday, though a second member of parliament said this would…

Strait of Hormuz, vital for global oil trade, faces threat amid Iran-Israel conflict, impacting oil prices and shipping.

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