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The Nexus
SECURITYJul 14 · 11:46 UTCBLOOMBERGGrant Smith

Persian Gulf’s Oil Tanker Lifeline Takes a Hit

The United States declared it is 'taking over' the Strait of Hormuz and will be paid for protecting it, escalating tensions with Iran over the strategic waterway. The Strait, a critical oil transportation route, remains a focal point of conflict between Washington and Tehran.

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Persian Gulf’s Oil Tanker Lifeline Takes a Hit · The Nexus