Mon, 23 Jun 2025

Mon, 23 Jun 2025 US asks China to stop Iran from closing Strait of Hormuz

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

* US Secretary of State Marco Rubio has called on China to prevent Iran from closing the Strait of Hormuz, a critical shipping route that carries 20% of the world's oil.
* Iran's parliament has approved a plan to close the Strait, but the final decision lies with the Supreme National Security Council.
* Any disruption to the Strait could lead to a sharp increase in global oil prices, which would have significant economic consequences for countries like China and others that rely heavily on Iranian oil.
* Oil prices rose briefly after the US attack on Iranian nuclear sites, but then fell back to near pre-attack levels.
* The US has positioned itself with an "overwhelming defense posture" in the region to prepare for any Iran counter-attacks.
* Energy analysts say that Iran would have little to gain and too much to lose from closing the Strait, as it could lead to retaliation from its neighbors and harm its key market of China.
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