An iranian member of parliament calls for closure of Strait of Hormuz in response to US and israeli actions

An Iranian parliamentarian has called for the closure of the strategic Strait of Hormuz, labeling it a “natural response” to actions by the United States and Israel in the region. This development comes amid the ongoing 2026 Iran war, involving military engagements between Iran, the U.S., and Israel. The Strait of Hormuz is a vital maritime passage for global oil and gas shipments, and any potential closure could escalate the conflict significantly by disrupting maritime traffic. Historically, statements from Iran’s parliament regarding the strait’s closure have served as political posturing unless endorsed by the Supreme National Security Council, which holds the final authority on such matters. Key Takeaways Market pricing suggests that the call for closure is seen as a potential escalation in regional tensions, impacting the likelihood of the Strait of Hormuz returning to normal traffic conditions. Current market odds for the strait’s normalization by August 31, 2026, have decreased to 8.5% from 10% a day ago, reflecting increased concerns over the situation. The statement by the Iranian parliament member appears consistent with scenarios that anticipate further disruptions in t...