GLOBAL OIL SUPPLY AT RISK AFTER IRAN THREATENS STRAIT OF HORMUZ CLOSURE

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After a sharp escalation of tensions, Iran's parliament has approved a motion to close the Strait of Hormuz—one of the world's most critical oil arteries. The move follows the United States' deployment of six bunker buster bombs on Iran's Fordow nuclear site and coordinated strikes on two other nuclear facilities, igniting fears of a broader regional conflict and threatening up to 20% of the world's daily oil supply.








