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Global oil markets in panic as Iran to close Strait of Hormuz
Global oil prices are expected to experience a massive hike after Iran announced plans to shut down the Strait of Hormuz in response to US airstrikes on its nuclear facilities. The Strait, a vital maritime chokepoint through which nearly 25% of global oil and 33% of LNG exports pass,
Conflict between Israel and Iran has rekindled fears of a disruption to a narrow waterway key to the global economy.
The accident, which the United Arab Emirates said was unrelated to the conflict between Israel and Iran, occurred amid ...
The Emirati national guard says it has evacuated 24 people from an oil tanker after a collision between two ships just east ...
Experts including Sal Mercogliano, a maritime historian at Campbell University in North Carolina and a former merchant ...
Located between Oman and Iran, the Strait of Hormuz is the world's most important access route for oil transportation.
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Latest war developments have stoked concerns about disruptions to the Strait of Hormuz, a vital oil shipping passage. Read ...
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