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Iran seeks to close the Strait of Hormuz: What it is and why it matters to the world economy. Vance: It would be suicide

2025-06-22 17:04:27Kosova&Bota SHKRUAR NGA REDAKSIA VOX
Iran seeks to close the Strait of Hormuz: What it is and why it matters to the
Strait of Hormuz:

The Iranian parliament has approved a proposal to close the strategic Strait of Hormuz, one of the world's most important sea routes for transporting oil and gas.

According to Reuters, the final decision will be made by Iran's Supreme National Security Council. The strait is located between Iran and Oman and carries about 20% of global demand for oil and natural gas.

Although the decision is not yet official, Revolutionary Guard commander and Iranian MP Esmail Kosari told the Young Journalist Club that closing the strait "is on the agenda and will be carried out whenever necessary."

Meanwhile, the British Maritime Trade Organization (UKMTO) has assessed the threat to US merchant ships in the Red Sea and Gulf of Aden, near the Iranian borders, as high.

What is the Strait of Hormuz?

The Strait of Hormuz is one of the most strategic waterways in the world, connecting the Persian Gulf with the Arabian Sea.

It has a width of about 50 kilometers and is essential for global oil transportation.

Almost a fifth of the oil traded internationally passes through this strait.

The strait is located between Iran and the United Arab Emirates, making it a hotspot for geopolitical tensions.

Due to its economic and strategic importance, the Strait of Hormuz is often in the spotlight internationally.

What happens to the world economy if Iran blocks Hormuz?

Strait of Hormuz - This sea strait is the most important shipping route for oil transportation. Hormuz between Oman and Iran connects the Persian Gulf and the oil-exporting states of Bahrain, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates to the Indian Ocean.

Tankers arrive here from many countries around the world. Most carry crude oil from the Persian Gulf region to Europe, Asia, and North America. The most important point of this route is the one between the Persian Gulf and the Gulf of Oman, the narrowest strip with a width of 55 kilometers, and the navigation lane for large ships is only 3.7 kilometers.

The Strait of Hormuz is key to securing Iran's strategic interests in the region.

Even in the past, in the context of international sanctions against Iran, Tehran has repeatedly threatened to close the Strait of Hormuz. Dawood Nazirizadeh, an economic expert from Tehran, emphasizes that: "If the Strait of Hormuz is involved in this war, it is a great danger for the entire world economy. The Iranian government considers this sea route as the main key to securing strategic interests in the region south of Iran and the Persian Gulf. If something happens in this direction, this would be a great threat to the world economy as a whole."

One-fifth of the world's oil consumption is transported through the Strait of Hormuz.

Hormuz ranks second among the world's most important oil transportation routes, after the Strait of Malacca and the Suez Canal.

A loss from the blockade of this sea route as a result of the current conflict would be difficult to compensate for. The consequence would be an increase in the price of oil and gasoline, which have already become more expensive in recent days.

It could also create bottlenecks in the supply chain for many petroleum products. The disruption of this chain could create difficulties for the economy in many countries around the world.

Vance: It would be suicide.

Iran's plan to cut off shipping in the Strait of Hormuz makes no sense and would be "suicidal" for the Islamic Republic, US Vice President JD Vance told ABC. "Their entire economy runs through the Strait of Hormuz. If they want to destroy their economy and cause disruption in the world, I think that would be their decision. But why would they do that? I don't think it makes sense," Vance said.


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