Iran's Parliament Moves Closer to Formalizing Control Over Strait of Hormuz

Iran's Parliament took a step closer to formalizing its management over the Strait of Hormuz, a move that could further destabilize global oil markets. This escalation threatens to turn the current conflict into a broader economic crisis by restricting vital energy shipping lanes. The formalization of control signals Tehran's intent to weaponize the strait against the West and its allies.