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How Hormuz Tensions Push Up Oil Prices and Rattle the World Economy
Nyakundi Report newsroom · Updated Jun 9
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How Hormuz Tensions Push Up Oil Prices and Rattle the World Economy
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backfilled from legacy story: The Strait of Hormuz is one of the world’s most dangerous pressure poin ts. A narrow waterway off Iran’s coast through which about 20 percent of global oil and liquefied natural gas exports must pass. Whenever regional tensions spike, this chokepoint becomes a direct transmission belt between war risk in the Gulf and p