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The Nexus
SECURITYJul 30 · 00:53 UTCAP NEWS

The world’s most important 21 miles

The Strait of Hormuz, a 21-mile-wide chokepoint for global oil trade, was effectively closed by Iran's retaliation against attacks by the United States and Israel, causing oil prices to spike. The strait handles about 20% of the world's traded oil, with major exporters including Saudi Arabia, Iraq, and the UAE, and key destinations in Asia.

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The world’s most important 21 miles · The Nexus