Iran Moves to Shut Hormuz, Oil Shock Looms

Tehran: Global energy markets were rocked on Saturday after Iran’s parliament passed a resolution to shut down the Strait of Hormuz — the world’s most critical oil transit chokepoint. The decision comes in the immediate aftermath of a US military strike on Iranian nuclear facilities, dramatically escalating tensions in the already volatile Middle East.

The Strait of Hormuz is a narrow waterway that connects the Persian Gulf with the Arabian Sea and through which nearly one-third of the world’s seaborne oil supply passes daily. Iran’s move to block this passage is being seen as a bold and aggressive counter to Washington’s latest military actions, and one that could severely disrupt global oil and gas shipments.

Iranian lawmakers framed the decision as a national security imperative, stating that allowing oil traffic through Hormuz while facing American aggression would be a “strategic mistake.” Iranian state media broadcasted live coverage of the parliamentary vote, with lawmakers chanting slogans against the United States and vowing to defend Iran’s sovereignty.

Oil prices immediately surged in global markets following the announcement, with Brent crude nearing \$98 per barrel and analysts predicting a spike beyond \$110 if the closure is enforced. Countries heavily reliant on Gulf oil, including India, China, Japan, and European nations, have expressed grave concerns.

The United States, meanwhile, has called Iran’s move “irresponsible and provocative,” warning of severe consequences if international shipping is obstructed. The Pentagon has reportedly begun repositioning naval assets in the region, and consultations with allies are underway to ensure safe passage of maritime trade.

India, which imports over 60% of its crude from the Gulf, is on high alert. The Petroleum Ministry has called emergency meetings to evaluate fuel reserves, alternative supply routes, and contingency strategies in case the situation worsens.

Energy economists warn that the Hormuz blockade, if implemented fully, could spark a global oil crisis comparable to the 1973 oil embargo. Stock markets across Asia and Europe showed signs of nervousness, with aviation and transport sectors reacting sharply.

As diplomatic efforts intensify, the world now watches whether this geopolitical flashpoint can be diffused before a full-scale economic and military confrontation unfolds.