Why Iran closing the Strait of Hormuz could be catastrophic for the world

Amid escalating conflict between Israel and Iran, Tehran was engulfed in smoke following an Israeli airstrike on June 15, 2025. The Strait of Hormuz, a crucial oil shipping route, faces potential disruption, with experts warning that Iran’s threats to close it could lead to significant market turmoil and oil price surges, echoing the impacts of the Russia-Ukraine war and the COVID-19 pandemic.