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.

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…

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