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Iran Mulls Closure of Strait of Hormuz

CoinDesk · 40m

Iran Mulls Closure of Strait of Hormuz; Digital Oil Memecoin Soars 400%

In the meantime, an obscure token called the digital oil memecoin (OIL) has skyrocketed over 400% against USD, according to data source DEXTools.io. The token is listed on the Solana-based decentralized exchange Raydium.

Reuters on MSN · 9m

Factbox-What is the Strait of Hormuz and why is it so important for oil?

Iran's top security body must make the final decision on whether to close the Strait of Hormuz, Iranian TV said on Sunday, after parliament reportedly backed the measure in response to U.S. strikes on several of Tehran's nuclear sites.

India Today · 3m

Iran parliament approves closure of Strait of Hormuz, a key oil chokepoint: Report

If Iran goes ahead and shuts down the Strait of Hormuz, through which 20 per cent of daily global oil consumption passes, it would disrupt trade flows, send oil prices shooting up and potentially destabilising the global economy.

Crypto Briefing14m

Bitcoin crashes as Iranian Parliament approval of Hormuz Strait closure threatens oil disruption, stokes global inflation

Bitcoin dropped as Iran's approval to close the Hormuz Strait raises fears of oil disruption, global inflation, and economic ...

2d

Oil Tanker Collision Near Strait of Hormuz Raises Security Fears

The accident, which the United Arab Emirates said was unrelated to the conflict between Israel and Iran, occurred amid ...

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