Iran’s state-run Press TV has reported that parliament had approved a plan to close the Strait but added that the final decision lies with the Supreme National Security Council.

The closure of the Strait of Hormuz by Iran will marks a serious disruption in global oil supply routes. As a key maritime chokepoint through which nearly one-fifth of the world’s crude oil passes, any blockade or closure severely rattles international oil markets.

For Pakistan, which is heavily reliant on imported fuel, the impact is immediate and far-reaching. Rising........

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