Iran’s parliament voted to approve the closure of the Strait of Hormuz in response to last night’s attacks on the country’s nuclear facilities by U.S. forces.
The Strait is used as a route for roughly 20% of the world’s oil shipping, which is expected to impact oil prices if the move is approved by Iran’s Supreme Council.
India, which reportedly imports about 80% of its oil through the Stair of Hormuz, is expected to be hit hard.
President Trump addressed the nation last night, hours after the attack, which he called a “spectacular military success.” He further threatened Iran that “there are many targets left” and “we will go after those other targets with precision, speed, and skill” if they retaliate.
Closing the Strait of Hormuz could be just one of the retaliatory measures Iran takes in response to the U.S. jumping into Israel’s war.
As The Gateway Pundit reported, Iran’s Islamic Revolutionary Guard Corps (IRGC) responded to the attack, stating, “war starts right now.”
Many of the President’s biggest and most loyal supporters are fearful that the President, who campaigned on stopping “forever wars,” may have just started one.
Secretary of State Marco Rubio responded to the potential closure in an interview with Fox’s Maria Bartiromo, saying the move would be “a massive escalation that would merit a response.” He added, “We have responses available that are devastating.”
WATCH:
Per the New York Post:
Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows.
The move, which could block $1 billion in oil shipments per day, is likely to send oil prices soaring.
It will come into effect pending a final decision by Iran’s Supreme Council.
The strait connecting the Gulf of Oman with the Persian Gulf is one of the world’s most critical chokepoints — just 20 miles wide at its narrowest point.
Shipping lanes in the strait — the area that is deep enough for ships to pass — are even narrower at less than two miles wide in each direction, making them much more vulnerable to attacks and threats of closure.
The post JUST IN: Iran Expected to Close Strait of Hormuz, Blocking Access to Oil Routes for 20% of Global Oil Production – Marco Rubio Says Move Would be “a Massive Escalation that Would Merit a Response” (VIDEO) appeared first on The Gateway Pundit.