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The Strain on Global Shipping Eases… Sort Of: Iran Announces a Partial Reopening of Key Waterway

In a significant development for global energy markets and international shipping, Iran’s Foreign Minister announced today that the critical waterway between Iran and Oman is partially reopening after a tense two-week closure. This specific strait is undeniable as one of the world’s most vital maritime choke points, with roughly 20% of the world’s total oil […]

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