Strait of Hormuz: Selectively Open, Iran Profits
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Despite tensions, ships navigate Strait of Hormuz, with Iranian, Chinese, and Greek vessels passing. Indian and Pakistani ships also cross after diplomatic talks. Oil prices surge, with Iran exporting 16 million barrels to China. U.S. allows Iranian oil tankers, keeping strait selectively open for Iranian exports and pressuring foes with higher energy costs.
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