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Hindustan Times
7 hours ago
- Business
- Hindustan Times
US warns Iran against closing Strait of Hormuz: 'It's economic suicide'
US Secretary of State Marco Rubio on Sunday reacted to reports claiming that the Iranian parliament has approved a measure to close the Strait of Hormuz, saying that it would be an 'economic suicide'. US Secretary of State Marco Rubio at the State Department in Washington, DC on June 20, 2025. (AFP) Speaking at Fox News' "Sunday Morning Futures with Maria Bartiromo" show, Rubia called on China to encourage Iran not to shut down the Strait of Hormuz after Washington carried out strikes on Iranian nuclear sites. Follow LIVE updates here. The Strait of Hormuz is situated between Iran and its Arabian Gulf neighbours. According to Bloomberg, this route enables the daily transportation of roughly one-fifth of global oil supplies. "I encourage the Chinese government in Beijing to call them about that, because they heavily depend on the Straits of Hormuz for their oil," Rubio was quoted as saying on the show by Reuters. Also Read | How US military's decoy B-2 Bomber mission helped it achieve stealth before Iran strikes "If they do that, it will be another terrible mistake. It's economic suicide for them if they do it. And we retain options to deal with that, but other countries should be looking at that as well. It would hurt other countries' economies a lot worse than ours." The secretary of state additionally cautioned that closing the strait would represent a significant escalation, warranting a response from the US and others. Iran's closure of Strait of Hormuz After the US airstrikes on its nuclear installations, Iran is considering closing the Strait of Hormuz, EuroNews reported on Sunday. Also Read | 'Large volume of our supplies don't come through Hormuz': Hardeep Puri assures fuel stability amid Middle East tensions In an interview with local media, Revolutionary Guard commander Sardar Esmail Kowsari stated that closing the Strait of Hormuz "is under consideration, and Iran will make the best decision with determination," according to EuroNews. "Our hands are wide open when it comes to punishing the enemy, and the military response was only part of our overall response," added Kowsari, who is a member of the Iranian parliament in addition to his military position.
Time of India
9 hours ago
- Politics
- Time of India
US urges China to dissuade Iran from closing Strait of Hormuz
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel U.S. Secretary of State Marco Rubio on Sunday called on China to encourage Iran to not shut down the Strait of Hormuz after Washington carried out strikes on Iranian nuclear comments on Fox News' "Sunday Morning Futures with Maria Bartiromo" show came after Iran's Press TV reported that the Iranian parliament approved a measure to close the Strait of Hormuz, through which around 20% of global oil and gas flows."I encourage the Chinese government in Beijing to call them about that, because they heavily depend on the Straits of Hormuz for their oil," said Rubio, who also serves as national security adviser."If they do that, it will be another terrible mistake. It's economic suicide for them if they do it. And we retain options to deal with that, but other countries should be looking at that as well. It would hurt other countries' economies a lot worse than ours."Rubio said a move to close the strait would be a massive escalation that would merit a response from the U.S. and Chinese embassy in Washington did not immediately provide comment.U.S. officials said it "obliterated" Iran's main nuclear sites using 14 bunker-buster bombs, more than two dozen Tomahawk missiles and over 125 military aircraft. The strikes mark an escalation in the ongoing Middle Eastern conflict Tehran has vowed to defend itself. Rubio on Sunday warned against retaliation, saying such an action would be "the worst mistake they've ever made."He added that the U.S. is prepared to talk with Iran.
