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The Strait of Hormuz, the narrow mouth of the Persian Gulf, again has become a focus of tensions as Iran prepares to launch a military drill that could see fire into a lane crucial for global shipping. CBC | World News
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What is the Strait of Hormuz and what could happen to oil prices if Iran shuts it down?
Washington’s strikes on Iran stoked fears that Iran could retaliate by closing the Strait of Hormuz, a waterway between Iran and Oman through which around 20 per cent of the oil and gas consumed globally flows. CBC | World News
Read More »Iran seizes Israel-linked container ship in Strait of Hormuz
Iran’s Revolutionary Guards seized an Israeli-linked cargo ship in the Strait of Hormuz on Saturday, days after Tehran said it could close the crucial shipping route and warned it would retaliate for an Israeli strike on its Syria consulate. CBC | World News
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