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Global Oil Markets

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U.S. Enforces Blockade in Strait of Hormuz After Failed Iran TalksThe New Yorker
finance20 hrs ago

U.S. Enforces Blockade in Strait of Hormuz After Failed Iran Talks

The U.S. has imposed a naval blockade on Iranian ports in the Strait of Hormuz following the failure of direct peace negotiations with Iran. Traffic through the strait remains limited, affecting global oil flows that typically account for 20% of the world's supply. Discussions fo…

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