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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.
This narrow shipping route in the Gulf region sees one-fifth of global oil and liquefied natural gas (LNG) passing through, ...
From the perspective of the global oil economy, there are few places as strategically important as the Strait of Hormuz.
The Strait of Hormuz is one of the world's busiest shipping lanes, so any disruption would hit the energy markets hard.
Iranian officials have threatened to mine the waterway, which is a key shipping route for oil and gas. One way that Iran ...
Half a dozen ships have diverted course on the way to the Strait of Hormuz, the crucial waterway connecting the energy-rich ...
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