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US Urges China to Prevent Iran from Closing Strategic Strait of Hormuz. US Secretary of State Marco Rubio urges China to intervene in preventing Iran from closing the Strait of Hormuz. The Strait of Hormuz is crucial for global oil supply, with 20% of the world's oil passing through this vital waterway. Iran’s parliament has approved a plan to potentially close the Strait, but the final decision rests with the Supreme National Security Council. A disruption to the Strait would severely impact global oil markets, with oil prices spiking in response to tensions. Rubio highlights that China, the largest buyer of Iranian oil, should pressure Iran to avoid damaging the oil trade. Any closure of the Strait could lead to "economic suicide" for Iran, Rubio warns, with other economies suffering more. Oil prices saw a brief surge when news of the possible closure broke, with Brent crude rising to $81.40 a barrel. The US is prepared for military action, but escalating tensions could have drastic consequences for global oil markets. China imports over 1.8 million barrels per day from Iran, making them a key player in the Strait's stability. Experts suggest Iran risks alienating key allies like China and its Gulf neighbors by disrupting Strait operations.
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