Escalation: Iran’s Parliament Backs Strait of Hormuz Closure, Sending Oil Soaring
Oil prices are rising fast, and there’s a big reason why. Iran’s parliament just voted to support closing the Strait of Hormuz. Almost 20% of the world’s oil flows through that narrow strait. Now, the world is watching closely. We all feel it when oil prices jump. Gas becomes expensive. Goods cost more. Planes, trucks,…