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Iran is considering closing the Strait of Hormuz: Reports
Updated : 8 months, 3 weeks ago IST
Roughly 20 per cent of global oil and a significant portion of natural gas pass through the Strait. Europe imports oil and liquefied natural gas (LNG) from Gulf states--Saudi Arabia, Qatar, UAE-- much of which travels through the Strait. If Iran blocks it, global oil prices would spike, a
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