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Oil Seen Topping $100 a Barrel if Iran Closes Strait of Hormuz

Upworthy Monday, 23 June 2025 ()
Ship owners and global business leaders are watching the delicate situation in the Middle East amid concerns that global energy supplies would be badly impacted if Iran closes the Strait of Hormuz. Iran’s parliament is reported to have backed a move to close the critical waterway, but any decision…
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Video Credit: Oneindia - Published
News video: World In PANIC As Oil Surges After U.S Strikes On Iran | Tehran Threatens To Close Hormuz Chokehold

World In PANIC As Oil Surges After U.S Strikes On Iran | Tehran Threatens To Close Hormuz Chokehold 03:05

 Oil prices surged as the U.S. joined Israel in striking Iran's nuclear sites, sending shockwaves across global markets. Tehran warned that U.S. aggression has widened its range of legitimate targets, with threats to close the Strait of Hormuz looming large. China condemned the attacks, calling U.S....

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