Iran Threatens Strait of Hormuz Shutdown — Oil Shock and Global Chaos on the Horizon

Iran’s Parliament Signals Blockade — Oil Prices Poised to Erupt The Strait of Hormuz—through which nearly a third of all global oil flows—is now squarely in Iran’s crosshairs. Major General Esmail Kowsari, a ranking voice in Iran’s National Security Commission and a veteran commander of the Islamic Revolutionary Guard Corps, told state-run Press TV this week that Iran’s parliament has concluded: It’s time to shut it down. That decision, of course, awaits final sign-off from Ayatollah Ali Khamenei and Iran’s Supreme National Security Council. But make no mistake—the message is clear: Iran is preparing to weaponize oil, and the global economy is the hostage. Markets Already Pricing In Crisis Following the recent U.S. stealth bomber strikes on Iran’s nuclear facilities…