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Strait of Hormuz: What to know about the crucial oil passage Iran might block following US strikes
When Iran targeted ships in the Strait of Hormuz in the 1980s, the U.S. Navy escorted ships through the strait. This June, even without a formal closure, some oil tankers and supertankers — which can carry 2 million barrels of oil — began avoiding the Strait of Hormuz after the U.S. strikes on Iran, Reuters and CNBC reported.
Iran’s threat to block the strait has already sent shock waves through trade and transport sectors, with broader consequences ...
Bitcoin dropped as Iran's approval to close the Hormuz Strait raises fears of oil disruption, global inflation, and economic ...
Iran’s threatened closure of the Strait of Hormuz could send petrol prices soaring by up to 70 cents per litre, putting pressure on the RBA to delay further interest rate cuts and driving a sharp fall ...
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