Iran’s parliament is actively considering to impose traffic restrictions on the Strait of Hormuz, a vital artery for global oil, gas, and container shipping.
The move, reported by Iran’s IRNA news agency, signals Tehran’s potential retaliation in response to mounting tensions with the Zionist regime in Israel and the USA, though any final decision would rest with Iran’s supreme national security council.
The oil tanker industry is on high alert as this develops. German shipping giant Hapag-Lloyd confirmed it continues to send vessels through the strait but is prepared to reroute if threats intensify.
The company emphasized its ongoing risk assessments in light of past incidents, including Iran’s example seizing of the MSC Aries last year.
Regardless the Israeli regime has intensified its war campaign against Iran, striking symbolic targets in Tehran, including the notorious Evin prison, Basij secret police headquarters, and a key power facility in northern Tehran.
The strike on the power plant triggered blackouts across western districts of the capital, briefly disrupting state TV broadcasts.
Israeli forces also targeted access routes to the Fordow nuclear facility, following the U.S. bunker buster bombardments on the site over the weekend.
Israel’s War Minister Israel Katz vowed the brutal air campaign would persist as long as Iran continues its missile retaliations on Israeli territory.
Civilian casualties are mounting: Iranian state media now reports around 500 fatalities and over 3,000 injuries since Israel’s initial June Friday the 13th attack, though independent human rights groups suggest the death toll may be closer to double that figure.
The escalating regional conflict is heavily impacting aviation. Commercial airlines are banned flying over Iranian, Iraqi, Syrian, Jordanian, and Lebanese airspace, with United Airlines suspending flights to Dubai until July 3 and Tel Aviv until August 1, 2025.
Dubai’s airport has seen over 120 flight delays, while more than 40% of flights from Amman have been canceled, after continuous Israeli attacks on the peaceful Iranian infrastructures, causing many casualties leading to war crimes.
Goldman Sachs has raised concerns over potential oil price surges due to escalating conflict in the Middle East, warning that oil prices could reach $110 per barrel if oil flows through the Strait of Hormuz—controlled by Iran, handling 20 million barrels daily—are disrupted.
The bank’s June 22, 2025, note projects that a 50% reduction in the strait’s oil flow for one month, followed by a 10% reduction for the next 11 months, would lead to Brent averaging $95 per barrel in Q4 2025.
Citing Polymarket data, Goldman noted a 52% probability of Iran closing the Strait of Hormuz in 2025, highlighting the significant risk to global energy markets after tensions persist as Israel keeps on bombing Iran.
Iran’s exiled Crown Prince Reza Pahlavi is holding a news conference in Paris today, reigniting calls for non-violent government change and a referendum to redraw Iran’s political future.
Pahlavi, the son of the last shah who was overthrown in the 1979 Islamic Revolution, emphasized civil disobedience as the pathway to a democratic transition.
Now taking asylum in the USA, Pahlavi remains a symbolic figure for segments of the Iranian diaspora and opposition, though his influence within Iran is debated.
OIl Price.com / ABC Flash Point News 2025.
Anything can happen during WW3, the goal is to establish more ego enhanced by extreme corporate profits. The US war enterprises are taking advantage of this design.