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Iran government moves to block major oil, gas route

June 23, 2025 01:29 AM

Iran government moves to block major oil, gas route

June 22

Iran's parliament approved a measure June 22 endorsing the closure of the Strait of Hormuz, a major oil transportation route, following U.S. airstrikes in Iran.
Around 20% of the world's oil and gas flow through the narrow channel connecting the Persian Gulf to the Gulf of Oman. Its closure would likely mean rising fuel costs for global consumers, including Americans.Iranian officials have said the country would defend itself should the U.S. effectively join Israel's war with Iran. Chairman of the Joint Chiefs of Staff Gen. Dan Caine said in a press conference the U.S. is on "high alert" for retaliation from Tehran, after American bombers targeted three Iranian nuclear sites.

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