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Global oil supply: Iran may use threat of closing Strait of Hormuz as leverage only; analysts say markets remain in surplus

IndiaTimes Thursday, 19 June 2025
Despite Iran's repeated threats to close the Strait of Hormuz, a vital chokepoint for global oil, analysts believe an actual shutdown is unlikely, viewing it as a diplomatic tactic. Global oil markets are prepared for potential disruptions, with ample supply and rising US shale production.
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Video Credit: Oneindia - Published
News video: BREAKING: Iran Votes To Close Strait Of Hormuz In Retaliation To U.S Strikes on Nuclear Facilities

BREAKING: Iran Votes To Close Strait Of Hormuz In Retaliation To U.S Strikes on Nuclear Facilities 03:37

 In a bold and unanimous move, Iran’s Parliament has approved the decision to close the strategic Strait of Hormuz — a key chokepoint for global oil shipments — in response to escalating U.S. military aggression. The resolution now awaits approval from Iran’s National Security Council. If...

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