Iranian parliament passes resolution to block the Strait of Hormuz... Supreme National Security Council to make final decision - South Korean report

The Majlis, the parliament of Iran, passed a resolution on the 22nd of this month (local time) to close the Strait of Hormuz. This was a retaliatory measure against the US attack on Iran's nuclear facilities and to secure the location of the Strait of Hormuz.
According to a report by the Iranian state-run Press TV on the same day, Majlis National Security Chairman Esmail Kosari, while reporting the news of the resolution to close the Strait of Hormuz, said, "
The Strait of Hormuz, which is about 33 kilometers wide at its narrowest point, is located at the entrance to the Persian Gulf and is a major oil and gas port.
The eastern seaboard is the main route for transporting oil and gas from the United States, Iran and Iraq. The waters are relatively shallow, limiting the number of routes that large tankers can navigate, and most of these large vessels are transported by Iranian ships.
Iran effectively controls the strait, as it is necessary for oil to pass through its territorial waters. About 25 percent of the world's crude oil consumption and about 20 percent of its liquefied natural gas (LNG) consumption pass through the Strait of Hormuz.
If the blockade actually occurs, it could send international oil prices soaring and have a devastating effect on the global economy. Prior to this, JP Morgan said in a recent report that the Sea of Hormuz
If a scenario in which the strait was blocked and conflict spread across the Middle East were to occur, it predicted that international oil prices could reach $120-130 a barrel.