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Iran Closes Strait of Hormuz; Gulf States Reroute Oil, Costs Rise
ClarínLO·IR · AE · SA·2 days ago
Around 60 oil tankers transited the Strait of Hormuz on Thursday, the highest daily count since early July, per Reuters. This suggests a de-escalation in regional shipping risk following earlier disruptions, though the underlying security situation remains fluid. The increase in transits implies improved confidence among shippers and could signal stabilizing oil supply flows.
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