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Originally published by Capital Newstop
March 3, 2026
2h ago
Strait of Hormuz: What happens if Iran shuts global oil corridor?
Uncertainty and disruption to international trade caused by Iran's response to US and Israeli strikes has already ratcheted up oil prices. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ Key Highlights
Iran has threatened to block the Strait of Hormuz, the world's busiest oil shipping lane, in response to potential US and Israeli strikes, raising global oil prices.
- About 20% of global oil and gas passes through the strait daily.
- The threat comes from Iran, aiming to prevent oil from exiting the region.
- This disruption could significantly impact economies like China, India, and Japan, which are major crude oil importers.
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