The Iranian parliament reportedly approved closing the Strait of Hormuz, a key oil route, on June 22, 2025, but the final decision awaits approval from Iran's top security body and Supreme Leader. This could be a response to tensions, possibly involving U.S. support for Israel. If implemented, it might spike oil prices and disrupt global trade, but Iran may hesitate due to economic self-harm and international backlash. The situation is fluid, and no closure has been confirmed yet.