Marco Rubio urges Tehran’s allies to prevent it from closing critical oil ‘choke point’

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…

Iran's foreign minister warned earlier Sunday that the Islamic Republic "reserves all options to defend its sovereignty" after U.S. airstrikes.

Iran's Press TV had earlier reported that parliament had approved a plan to close the Strait.

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.

Nearly half of Beijing’s crude oil imports pass through the key choke point

Marco Rubio urges Tehran’s allies to prevent it from closing critical oil ‘choke point’

Tehran has domestic and strategic economic considerations to consider as it weighs its response to the US targeting of its nuclear facilities.

White House warned Iran against closing the Strait of Hormuz in retaliation for US strikes on Iran’s nuclear programme.