Ships with no ties to Israel or the United States would be allowed to pass, the government said, but it was unclear if any vessels would try.
Category: Iran
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War in Iran Is Disrupting Air Travel, Hitting Middle East Hardest
Some airlines and travelers, especially in the Middle East and elsewhere in Asia, are bearing the brunt of the pain, while others are doing better.
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Oil Prices Rise a Day After 10% Plunge
President Trump had set off a drastic market reaction on Monday by backing away from a threat to strike Iranian energy infrastructure.
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Markets Rally as Trump’s Iran Deadline Is Deferred
Stock futures rose and oil prices fell after President Trump cited “very good and productive” talks with Iran over ending the war.
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Stocks Tumble as Oil Prices Rise
Investors braced for a fourth week of market turmoil caused by the war in the Middle East
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War in Iran Reveals Strait of Hormuz’s Weakness as an Oil Bottleneck
But at just 35 miles wide, it did. It’s just the latest evidence of how dependent the global economy is on a handful of choke points.
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Oil Falls and Stocks in Asia Hold Steady
Oil prices had been gyrating this week, after a new round of attacks on major energy facilities in Iran and Qatar raised concerns about energy supplies.