5 facts on Strait of Hormuz, focal point of global oil trade
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Iran, Israel and Strait of Hormuz
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The Emirati national guard says it has evacuated 24 people from an oil tanker after a collision between two ships just east of the world’s most critical oil chokepoint, the Strait of Hormuz.
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Sourcing Journal on MSNAmid Israel-Iran Tensions, Shipping Slows Down in Strait of HormuzAs the conflict escalates, container shipping faces growing risks from a potential chokepoint closure, rising insurance costs and surcharges from major carriers.