The proposed closure of the Strait of Hormuz by Iran's parliament is a significant development because the strait is a vital global energy artery, handling a substantial portion of the world's oil and gas. If closed, it would disrupt global energy supplies, potentially leading to a surge in oil prices and impacting international trade. While the plan is not yet finalized, the mere possibility of such action introduces significant geopolitical risk and could have far-reaching economic consequences.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.