Economic suicide: US warns Iran against closing Strait of Hormuz

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.