iran oil trump nuclear prices home 2025 price ceasefire tax

The Strait of Hormuz is a vital route for oil. Closing it could backfire on Iran

The Strait of Hormuz is a vital route for oil. Closing it could backfire on Iran

The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world's most important oil choke point due to the large volumes of crude that pass through it every day.

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