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…

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