Overview

• President Trump ordered missile strikes on three Iranian nuclear facilities on June 21.
• Iran retaliated on June 23 by launching missiles at the US Al Udeid Air Base in Qatar.
• Tehran’s parliament approved a measure to close the Strait of Hormuz, threatening a chokepoint that handles one-fifth of global oil and gas flows.
• Iran maintains fast-attack boats, naval mines and shore-based missiles capable of blocking maritime traffic through the narrow corridor.
• Analysts warn that a closure could push oil prices briefly to $120-$130 per barrel and trigger broader economic shocks.