global oil supply
2 stories
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financeIran Threatens Hormuz Closure as US-Israel-Iran Conflict Escalates
Iran announces intent to close the critical Strait of Hormuz, a move that significantly reduces the chance of normalizing global oil shipping by the end of August.
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worldU.S. Conducts Military Strikes in Strait of Hormuz Following Iranian Drone Attack
The United States has launched strikes against Iranian military installations near the Strait of Hormuz in response to a drone attack on a cargo ship.