The Strait of Hormuz has once again become one of the most closely watched locations in the global energy market. Rising tensions in the Middle East have placed the narrow waterway at the center of international economic and geopolitical concerns. Located between Iran and Oman, the Strait of Hormuz connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. Despite its narrow width, it is considered one of the most important maritime passages in the world. Every day, millions of barrels of oil normally pass…
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