‘Iran’s closure of Strait of Hormuz would cause global inflationary shock’: Analysis
Countries around the world are also closely watching the Strait of Hormuz, known as one of the world’s most important sea passageways.
Iran’s parliament has approved the closing of the critical waterway.
The final decision will be taken by the Supreme National Security Council.
EU foreign policy chief Kaja Kallas says any Iranian move to close the Strait of Hormuz would be “extremely dangerous” and risk further escalation.
Ahmed Helal, the MENA director at strategic advisory firm Global Counsel, says Iran has to shut down the Strait of Hormuz “very quickly” if it intends to do so.
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