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economicJun 15, 2026
Strait of Hormuz oil supply crunch has countries looking for workarounds
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Strait of Hormuz oil supply crunch has countries looking for workarounds
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- currentsapi(Mixed)By Rachel Frazin
Middle Eastern nations are building out their oil shipping infrastructure, seeking long-term workarounds for the Strait of Hormuz to make it less of chokepoint. Iran’s blockade of the waterway, through which about 20 percent of the world’s oil consumption flowed on a typical day …
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