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Iran conflict closes Strait of Hormuz, cutting oil supply by 12.8M bpd

By Estefano Gomez at 2026-05-13 13:07

Sentiment: Negative

The closure exacerbates global oil market volatility, potentially driving prices up and impacting economic stability and energy security worldwide. The post Iran conflict closes Strait of Hormuz, cutting oil supply by 12.8M bpd appeared first on Crypto Briefing. Continue reading...

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