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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.
The Iranian parliament on Sunday approved closure of the Strait of Hormuz, though the final decision will be made by Iran’s ...
From the perspective of the global oil economy, there are few places as strategically important as the Strait of Hormuz.
Iranian officials have threatened to mine the waterway, which is a key shipping route for oil and gas. One way that Iran ...
US stock futures inch up, awaiting Iran's response to a US strike. Oil prices off 5-month highs. Eyes are on whether Iran ...
Energy expert Gabriella Hoffman argues Iran's retaliatory actions to U.S. strikes will backfire against its allies and ...
Petroleum minister's statement comes at a crucial time when oil markets are expected to open sharply higher after US' ...
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