Afghanistan, March 3 -- The Islamic Revolutionary Guard Corps (IRGC) has announced that the Strait of Hormuz is "closed" and warned that any vessel attempting to pass through the strategic waterway would face attack by Iranian forces.
The Strait of Hormuz, located between Iran and Oman, is one of the world's most critical maritime chokepoints and the only sea route for oil and gas exports from the Persian Gulf to open waters.
According to Al Jazeera, roughly 20 percent of the world's daily oil consumption, about 20 million barrels per day, passes through the strait, along with a significant share of global liquefied natural gas (LNG) shipments.
Most of the oil transported via the strait is exported to Asian countries including China, Ind...