Iran Decision on Hormuz Oil Corridor: On Sunday (April 22) amid the ongoing war with Israel, the US also attacked Iran. America’s B-2 bomber aircraft have attacked Iran’s three nuclear bases with bunker buster bombs. After the US attack, Iran’s Parliament has now taken a big decision.
In fact, Iran’s Parliament has decided to close the International Corridor Hormuz after the US attack. This decision of Iran will affect the economy of countries around the world. This will also increase oil prices worldwide. For this, the prices of many other things will also increase.
20 percent of oil and gas in the world from business hormuz corridor
The hormies are the smallest marine route for cargo ships between Persian Sea and Gulf of Oman. About 20 percent of oil and gas in the world is done through this route. In such a situation, if this route stops and cargo ships change their path and import and import to their destination, then it will increase the transportation charge and it will take more time to travel the way.
Will try to keep the US and Israel corridor open
The impact of this decision of Iran will be seen on countries around the world, because it will affect the global economy. In such a situation, America and Israel will try to keep the hormuz corridor open through air defense. At the same time, European countries will also come in favor of keeping the hormuz corridor open due to economic instability and the battle of Iran-Israel will now be fought in the Gulf of Arabia.
The decision to close the hormuz bay of Iran’s parliament will not only increase the scope of this fight, but will also make it more severe. On the other hand, Huti rebels in Yemen have also warned to target the cargo ships of Israel and America in the sea.
Iranian Parliament approves verdict, will be implemented after the consent of the Security Council
However, Iran’s official news channel said in its report on Sunday (June 22) that Iran’s Parliament has approved the decision to close the hormuz corridor. Now this decision has reached the Supreme National Security Council of Iran for the last approval. If the Security Council gives its consent to this decision, the hormuz corridor will be closed.
At the same time, Iran MP and Commander of Revolutionary Guards, Ismail Kosari, told the Young Journalist Club that the proposal for the shutdown of the corridor is included in our agenda and will be implemented whenever needed.
India will not have much effect, has made arrangements
The impact of Iran’s decision to shut down the hormuz corridor amidst Israel-Iran struggle will not affect India much. India had already realized the possible influences of this struggle and have also made arrangements to avoid it. Taking a big step, India has now imported more oil from Russia and America than the Oil Suppliers of Middle East.
According to the PTI report, if we look at the data of the Global Trade Analyst firm CPLER, India has increased its oil imports from Russia and America only in June. At the same time, India has the highest import of oil from Russia in two years in June.