An Iranian parliamentarian has called for the closure of the Strait of Hormuz, labeling it a « natural response » to actions by the United States and Israel in the region. This statement comes amid ongoing armed conflict involving Iran, the United States, and Israel. The Strait of Hormuz is a vital maritime passage for global oil and gas shipments. Market odds for normalization by August 31, 2026, have decreased from 10% to 8.5%, reflecting growing concerns over the situation.
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