An Iranian lawmaker says Tehran is considering closing the strategic Strait of Hormuz. The Strait lies between Oman and Iran, and is the world's most important gateway for oil shipping.
Breakdown
- Iran is considering closing the Strait of Hormuz, a key global oil shipping route.
- About a fifth of the world's oil and gas passes through the strait daily. 5s
- Closure could provoke US retaliation and harm Iran's trade and foreign relations. 24s
- Global oil prices would likely spike, and Europe could face energy shortages. 49s
- International law makes closing the strait nearly impossible, protecting transit rights. 1m 11s