What is the Strait of Hormuz - and why does it matter to global trade?
Sky News Daily
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The Strategic Importance of the Strait of Hormuz
This chapter explores the crucial role of the Strait of Hormuz in global oil trade, emphasizing shifts in oil dynamics with the rise of U.S. shale production and the ongoing importance of Saudi Arabia. It highlights potential geopolitical tensions, particularly regarding Iran's influence, and the economic ramifications of any disruption in this vital maritime passage.
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