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Strait of Hormuz Tensions Escalate, Impacting Shipping, Oil Markets, and Global Economy
Nearly 6,000 seafarers are trapped in the Strait of Hormuz, prompting calls for de-escalation. The ongoing flare-up, marked by attacks on tankers and US military actions in Iran, has put the oil market on edge, caused oil prices to rise, and led to a drop in crypto prices. Speculators predict normal traffic flows may not resume until 2027, with the IMF warning of lasting inflation scars on the US economy through 2027 due to the conflict.
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n1-bihCroatian3d ago
Blizu 6.000 pomoraca zarobljeno u Hormuškom moreuzu, IMO poziva na hitnu deeskalaciju
Generalni sekretar Međunarodne pomorske organizacije (IMO) Arsenio Dominguez izjavio je da je gotovo 6.000 pomoraca i dalje zarobljeno u Hormuškom mor
Read full article →indian-expressFrench3d ago
Dire straits: Hormuz flare-up underscores precariousness of US-Iran MoU; oil market on edge
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First report: indian-express · 8 Jul, 13:05|Full coverage: 2 · 1m|Window: 1m
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