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Shipping stalls in Strait of Hormuz after Iran declares key waterway closed again
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- Shipping through the Strait of Hormuz stalled over the weekend, according to maritime intelligence company Windward, after Iran announced it had again closed the world's most important oil choke point.
- The update comes even as industry trackers showed Iranian tankers continued to sail through the strait, a narrow waterway that typically handles around 20% of the world's oil traffic.
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Shipping through the Strait of Hormuz stalled over the weekend, according to maritime intelligence company Windward, after Iran announced it had again closed the world's most important oil choke point.
The update comes even as industry trackers showed Iranian tankers continued to sail through the strait, a narrow waterway that typically handles around 20% of the world's oil traffic.
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