IRGC ‘effectively closed’ key shipping lane Strait of Hormuz, choking oil routes
Source: Washington Examiner · Bias: Center Right
Summary
The Islamic Revolutionary Guard Corps said the Strait of Hormuz, a key global shipping lane, has been “effectively closed” to maritime vessels after the United States and Israel struck Iran overnight. The move is notable because shippers now can’t easily transport oil exports through the strait. As a result, oil prices will most likely increase. […]
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