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The Iranian parliament on Sunday approved closure of the Strait of Hormuz, though the final decision will be made by Iran’s ...
Qatar officials said the airspace would be shut temporarily. Oil majors are pulling staff from Iraq and banks are limiting ...
From the perspective of the global oil economy, there are few places as strategically important as the Strait of Hormuz.
The rise comes after Iran's parliament backed closing the critical Strait of Hormuz, where about 20% of the world's oil ...