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Dive Brief: - The continued closure of the Strait of Hormuz, a narrow sea passage and one of the world’s critical transit choke points for oil and other commodities, is causing serious supply disruptions and forcing manufacturers to reroute shipments elsewhere. - Approximately 30% of global seaborne oil trade and 20% of liquid natural gas trade has been disrupted since the Iran war began, accordin...
Manufacturers brace for price increases from Strait of Hormuz closure | Huntaegis