Overview

• The parliamentary vote follows US airstrikes on three Iranian nuclear sites, marking a sharp escalation in regional tensions.
• A blockade of the strait could choke off nearly 20% of global oil exports and trigger widespread supply-chain disruptions.
• Brent crude briefly topped $80 per barrel as markets reacted to the heightened risk of a shutdown.
• US Secretary of State Marco Rubio warned that closing the waterway would be “economic suicide” for Iran and urged Beijing to intervene.
• India says it has diversified its oil sources outside the strait and holds several weeks of reserves to buffer any disruption.