Iranian Parliament votes to shut important Strait of Hormuz after U.S. strikes on nuclear websites, disruptions prone to influence oil costs for India

Iran’s Parliament, the Majlis, has reportedly authorised the closure of the Strait of Hormuz in response to the assaults by the US on Iranian nuclear services, the nation’s state-owned media PressTV reported on Sunday, citing Esmaeil Kowsari, a member of the Majlis.

U.S. strikes Iranian nuclear services updates on June 22, 2025

In response to the report, the ultimate resolution on the closure of the Strait of Hormuz lies with Iran’s Supreme Nationwide Safety Council. The Strait of Hormuz connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, and is likely one of the world’s most vital oil commerce routes.

In response to the U.S. Power Data Administration, about 20% of world liquid petroleum travelled via the Strait of Hormuz in 2024, with the pattern persevering with within the first quarter of 2025. 

India imports about 80% of its oil requirement, which means that disruptions within the Strait of Hormuz will seemingly influence the worth of oil that India purchases. The Strait of Hormuz can also be an important commerce route for ships travelling to and from India.

Quickly after Israel attacked Iran, The Hindu reported on June 13 that disruptions within the Strait of Hormuz would result in a 40-50% improve in transport prices and a 15-20 day improve in transport occasions.