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Category: Oil

Strait of Hormuz Crisis: World’s Critical Oil Chokepoint at the Center of a Geopolitical Storm

On June 22, 2025, the United States launched Operation Midnight Hammer, bombing Fordow, Natanz, and Isfahan, after which Iran’s parliament voted to close the Strait of Hormuz. The Strait of Hormuz carries roughly 20% of the world’s oil and gas flows, amounting to about 20 million barrels per day. Brent crude rose about 10% in…
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