Iran Parliament APPROVES Closure of the Strait of Hormuz

Date: January 28, 2026

Source: Hal Turner

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Multiple reports out of the Middle east report the Majlis - Iranian Parliament - have approved the closure of the Strait of Hormuz. The final decision is in the hands of the Iranian government/security apparatus.

Many media outlets and prognosticators have extensively written about that in the past decade.

Then, Goldman Sachs derivative experts were adamant: "if Hormuz is blocked, before or during a full-scale naval war in the Gulf, oil may reach $700.00 a barrel."

And this will only be temporary - because the entire global economy will collapse.

Most of all, the blocking of Hormuz would trigger the detonation of the TWO QUADRILLION dollars derivative market - updating the initial, erroneous $700 trillion estimate by the BIS (Bank for International Settlements), according to Gulf traders.

Already during the past decade, the Joint Chiefs of Staff admitted that they do not have the military ability to keep Hormuz open.

Today we have Rubio talking about  US "force posture" near Iran.

As 30-40K US troops are "in reach of thousands of Iranian UAVs and ballistic missiles."

That’s why it's “prudent" to have forces to "defend against what COULD BE an Iranian threat”.

Of course, this “threat” does not come from the "massive armada" assembled by the U.S. . . . .