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The Straits are the only sea route from the Persian Gulf to the open ocean, and about 20% of the world's oil transits the ...
From the perspective of the global oil economy, there are few places as strategically important as the Strait of Hormuz.
The Iranian Parliament has approved a measure to close the Strait of Hormuz, a critical global oil choke point, after the ...
Iran is reportedly preparing to close Strait of Hormuz. However, the USA has asked China to intervene and resolve the matter.