US Asks China to Stop Iran From Closing Strait of Hormuz

US asks China to stop Iran from closing Strait of Hormuz

The Iranian parliament approved a measure to close the Strait of Hormuz, through which around 20 per cent of global oil and gas flows

Heightening tensions in Middle East to create repercussions for Korean industries

Concerns are growing in Korea’s industrial sector over the repercussions from the heightening tensions in the Middle East, after Iran’s parliament approved a motion to block the Strait of Hormuz in response to a U.S. mainland airstrike. Rising oil and logistics prices and other supply chain disruptions are feared to add more uncertainties to Seoul’s export-driven economy. According to government officials Monday, approximately 70 percent of Kore…

US asks China to stop Iran from closing Strait of Hormuz

Iran's Press TV had earlier reported that parliament had approved a plan to close the Strait.

The strait of Hormuz: what is it, and why does it matter to global trade?

Iran’s parliament approved a measure to close the vital global trade route, through which more than a fifth of the world’s oil supply passes through dailyTrump floats regime change in Iran – follow it livePresident Donald Trump’s unprecedented decision to bomb three Iranian nuclear sites has deepened fears of a widening conflict in the Middle East.Joining Israel in the biggest western military action against the Islamic Republic since its 1979 r…

Is Iran Closing the Strait of Hormuz? What It Means for Oil and Trade

Following U.S. strikes, Iran has threatened to close the Strait of Hormuz, a key route for the global oil trade. Here's the latest update.

U.S. calls on China to prevent Iran from closing Strait of Hormuz and disrupting global oil flows

Iran's foreign minister warned earlier Sunday that the Islamic Republic "reserves all options to defend its sovereignty" after U.S. airstrikes.