The Strait of Hormuz is considered the world's most important gateway for oil transport. Hostilities between Iran and Israel have raised fears that shipping and crude flows through the narrow waterway may now slow down.

Iranian lawmakers approved a decision to close the vital oil shipping route after the U.S. strikes on its nuclear facilities

In the wake of a dramatic escalation in hostilities, the Iranian parliament has approved a proposal to shut down the Strait of Hormuz — a crucial maritime chokepoint for global energy shipments — as a retaliatory measure following American strikes on Iran’s nuclear infrastructure.