[News] The Strait of Hormuz Has Functionally Closed Again, and the World's Most Important Oil Chokepoint Is Now the Story
After renewed US-Iran strikes, traffic through the Strait of Hormuz has collapsed toward zero on the US-backed route, and because roughly a fifth of the world's oil and gas normally passes through the 21-mile waterway, the near-closure of one narrow channel is reverberating through global energy markets far beyond the Gulf.
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