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Oil Prices Set to Spike as Iran Declares Strait of Hormuz ‘Effectively Closed’
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Oil Prices Set to Spike as Iran Declares Strait of Hormuz ‘Effectively Closed’

A boat approaches a container ship while crusing in the waters of the Strait of Hormuz off the coast of Khasab, in Oman, on June 25, 2025. GIUSEPPE CACACE/AFP via Getty ImagesCrude oil and gasoline prices…
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