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The Strait of Hormuz is one of the world's busiest shipping lanes, so any disruption would hit the energy markets hard.
The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes in the country.
The Strait of Hormuz matters enormously because it channels roughly one‑fifth to one‑quarter of the world's oil supply, ...
Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of Hormuz that ...
Petroleum minister's statement comes at a crucial time when oil markets are expected to open sharply higher after US' ...
How much higher oil prices might go now depends on how Tehran responds to the attacks. Iran’s parliament's voted to close the Strait Of Hormuz, the narrow waterway at the mouth ...
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