Iran decides to close Liya hormuz drainage, the price of oil may increase

Updated: 22-06-2025, 05.18 PM

What is news?

The situation has worsened even after the US attacked 3 nuclear bases of Iran in the early hours of Sunday. Meanwhile, Iran has decided to close the straight of hormuz. The Iranian Parliament has approved the proposal to close the strategically very important hormuz strait. After this decision, oil prices in countries around the world have now been decided to increase.

Security Council will take final decision- General Kovasari

Major General Kovasari, a member of the National Security Committee of the Iranian Parliament, told the state media, “There has been a consensus in favor to shut down the hormuage in the Parliament, but the final decision will be taken by Iran’s Supreme National Security Council through voting.” Please tell that this council is the highest security institution in the country. The final military and diplomatic decisions in Iran are taken by this institution. In such a situation, his decision is now awaited.

What is hormuz watercrowded?

Hormuz is the only sea route to enter the Persian Gulf. On one side of it is Iran and on the other side there are Oman and United Arab Emirates (UAE). It connects the Gulf of Persia to the Gulf of Oman and the Arabian Sea in the Indian Ocean. This 39 km long watercrowded is 33 kilometers wide at its most narrow point and a maximum of 95 kilometers wide. However, only 3 kilometers of ships can pass through it.

Why is Hormuz Strait Materor?

According to the US Energy Information Administration, about 20 percent of the global oil consumption passes through this strait. It is said to be the world’s most important oil transit chokpoint. Due to this strait, 2.1 million barrels of crude oil and 8 million tonnes of natural gas are moved daily. Currently, the sixth of global oil production and one-third of the world’s one-third liquorized natural gas (LNG) are moved from here.

What will be the effect of closure of hormuz drainage?

If the Strait is closed, the supply of oil and gas from countries like Saudi Arabia, Qatar, UAE, Iraq, Bahrain and Kuwait will be affected on a large scale. This will increase barrel prices in the global market and countries that do not import crude oil from Gulf countries will also be affected. The biggest apprehension is that America will suffer losses if the drainage is closed and it can also jump into war.